And On The Other Hand

And On The Other Hand

More Subsidies for Government Directed Failures

As I have written several times, governments have a habit of creating a new program funded by your tax dollars, then when the programs do

Picture of Barry J. Klazura

Barry J. Klazura

October 30, 2023

As I have written several times, governments have a habit of creating a new program funded by your tax dollars, then when the programs do not work out, decide that taxpayers need to pour more subsidies into the bad program to “rescue” their failure.  Wouldn’t it be wiser to re-examine the failing program, figure out why it is failing and then insist that those who manage the disaster fix the problems which are creating failure?  Sorry, I said a word that is verboten in government speak; wise.

For years the government has been taking your taxes to subsidize an idea whose time (and technology) has not really come, but they continue to create government made millionaires who receive subsidies for a concept that is not especially popular with consumers.  They also have decided that in the name of “green” energy, they have all but taken over another one-seventh of the U.S. economy, the auto industry (thanks to Obamacare they took over that one-seventh of the economy and it is working so well).  Watch on the horizon for more government bailouts funding by borrowing which you, the taxpayer will have to fund. 

Read the linked article below and count the days.

https://www.wsj.com/articles/brace-for-the-wind-and-electric-vehicle-bailouts-506383a8?mod=opinion_lead_pos6

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Written by Barry J. Klazura

Writer, historian, and financial advisor. I studied Political Science at Loyola University Chicago and have spent a lifetime reading history. I write because the mainstream will not ask the hard questions. 

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