Thursday, May 19, 2011

Oil Subsidies

As one might expect, the bill to cut $2 Billion in U.S. subsidies to the five biggest oil companies failed to pass the Senate when a majority blocked it from consideration. This is just the latest bill that was encouraged by the Obama administration that has been stopped before it has come to fruition.

Even the oil companies say they don't need this money, and Obama has called for double the proposed amount to be cut from oil subsidies. Yet, for some reason, our Congress is not willing to take back our money from these companies, but are perfectly willing to vote against something like this, and then complain that the President can't get anything done.

Is this something that should even be up for discussion? This should be a common sense first step. After this, cut the money we send to foreign countries in aid, stop sending our troops into decade-long wars, and start investing all the extra capital in our infrastructure and education. Problems solved.

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