As America's debt rises to unsustainable levels, the U.S. government is losing billions every year on energy tax subsidies that do little to combat climate change.
That's according to a tough report released this week by the National Research Council. The non-partisan academic report concluded that current tax policies are a "poor tool" for addressing climate change -- and a costly one.
It found energy subsidies in 2011 and 2012 cost $48 billion, with limited results.
"Very little if any GHG (greenhouse gas) reductions are achieved at substantial cost with these provisions," the report concluded. More here:
LOL ... they report this as if "facts" matter.
First of all, "climate change" is a ruse to get you to pipe down while they are peeling your wallet. And they need to peel your wallet because they are busy shoveling money to their buddies and donors (and the professoriat.) No longer do they feel the need to hide it. No longer do they try to restrain themselves. No. They shovel it out by the BILLIONS and when they run out, they borrow more and squander it ... faster and faster before you shut the whole party down.