Wednesday, July 28

Wind subsidies, how they blow

Jason Stverak, Franklin Center for Government and Public Integrity:

In these desperate times, as our nation falls deeper into debt and the political establishment is afraid to make the tough decisions, allowing the PTC to expire seems like a no-brainer. Pouring more money into a hopeless industry is as productive as burning dollar bills as fuel.

In light of the exaggerated claims of job creation and the unrealistic potential of wind energy, it’s very clear that taxpayers got sold a bag of hot air. Let’s not buy another one.

More in Forbes at The Truth About Wind Energy Subsidies: They Blow.