12 Days of Solutions, Day 8: Unleash the energy of America
Americans across the country are watching Washington bicker and fight. Meanwhile, millions of people are looking for work, and millions more have given up looking. All in all, it’s a pretty sad state of affairs in the world’s greatest country.
How can this be fixed? While there is no silver bullet, there are changes to public policy that could take America in the right direction. One of those changes would be for the federal government to reduce its paralytic restriction of the energy industries in America.
What are some of the changes that should be made? Consider the economic boom that would happen if the following took place:
- More drilling in Alaska’s National Wildlife Refuse, among other places.
- The Keystone Pipeline was completed.
- Drilling permits for oil, natural gas, shale, etc. were common.
- The federal government eliminated subsidies to ethanol, oil companies, etc. – totaling billions of dollars.
- Fewer regulations against nuclear power plants.
- Green energy loans disappeared, such as the ones under the stimulus now being investigated.
- Elimination of tax credits, such as the billions for the wind energy industry.
If only Washington would act on these sound principles of smaller government, freer markets, and securing our national security. Countries like Venezuela, Iran, Saudi Arabia, and other nations would be deprived of funding for their anti-American activities. Billions of dollars in deficit reduction would come from more tax revenue, no more subsidies, and fewer bureaucrats working for the various Washington agencies that oversee energy. We could even lower tax rates slightly, as billions in tax credits wouldn’t be going out to special interests.
Most importantly, of course, Americans by the thousands could find jobs that otherwise wouldn’t exist.
Unfortunately, this is not even an option for most of the bureaucrats and politicians in the Beltway. They would rather argue and fight over how many taxes to raise and how little spending to cut than actually do things to help the American people.