Yet another loss for American taxpayers was announced on Friday over a green initiative--this time to the tune of $139 million.
President Obama has waged war on fossil fuels for three and a half years – and American consumers and families are caught in the green energy crossfire.
Last year, Congress agreed to $1.2 trillion in automatic spending cuts, unless politicians find other things to cut. They didn't, of course. So now, with so-called sequestration looming in January, panic has set in. Even the new "fiscally responsible" Republicans vote against cutting Energy Department handouts to companies like Solyndra and subsidies to sugar producers. Many claim that any cut in military spending will weaken America and increase unemployment.