Wednesday, March 01, 2006

Corruption and Waste Still Par for the Course

Here's a great article about a well meaning piece of old legislation being used to bilk billions of dollars from Joe Taxpayer every year.

"Buried in the huge budget-reconciliation bill, on which House and Senate conferees are putting the final touches right now, are a few paragraphs that accomplish an extraordinary feat. They roll back the price of a barrel of crude oil to what it sold for two years ago. They create this pretend price for the benefit of a small group of the politically well connected. You still won't be able to buy gasoline for $1.73 per gal. as you did then, instead of today's $2.28. You still won't be able to buy home heating oil for $1.60 per gal., in place of today's $2.39. But a select group of investors and companies will walk away with billions of dollars in tax subsidies, not from oil but from the marketing of a dubious concoction of synthetic fuel produced from coal and dependent on government tax credits tied to the price of oil."


Here's a the great part The recent cuts on school lunch programs, student loans, etc etc didn't save as much as this gem wastes.

I'm really starting to feel that none of our leaders have a real long term plan for America. Only short term financial and political interests. If politics get any more corrupt than they are now we'll be seeing a return to the late 1800's when Congress received stock as gifts from companies they supposed to legislate and when the Federal Govt turned a blind eye to the massacres of striking railroad workers.