CFA Urges House To Reject the Rural Energy Savings Program Act (Congress Needs the Fat Farm.)

Center for Fiscal Accountability ^ | 9/16/10 | CFA

[Andrea19]

...This bill is redundant, expense and wasteful. It would authorize $5 billion for various energy retrofit projects, an enterprise the government has little business subsidizing – if these loans were profitable to make, private industry would be making them. Other areas of concern we have with the bill are:

• The bill is duplicative because there are already many government projects that are supposed to fund energy efficient projects
• The stimulus bill allotted $4.7 billion for weatherization and only $368 million of that has been spent for that purpose after one year, due mainly to illegitimate and inefficient use of the money
• In addition to the $4.25 billion tab for lending expenses, taxpayers would also have to pay $750 million for a similar project called the Rural Energy Savings Program, bringing the total to $5 billion...

[Andrea19]

Look at all that waste.

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