“President Trump’s administration is reportedly seeking a 72 percent cut to the budget of Department of Energy programs related to energy efficiency and renewable energy,” The Hill reports. “Draft budget documents obtained by The Washington Post show the Trump administration will ask for $575.5 million in spending for the Energy Department’s Office of Energy Efficiency and Renewable Energy. The office’s current spending level is set at $2.04 billion for the fiscal year.”
That’s a great start and we should not just isolate this aspect of the energy sector; it should extend to ALL sectors. Renewable energy subsidies distort the free market and keep electricity prices high for all of us. This distortion is true in all areas of government subsidies.
Farm subsidies, crony capitalism, sugar, golf courses, corporate welfare, oil, etc. The list of subsidies provided by the federal, state and local governments is nearly endless. It has become so entrenched in our society that we no longer know the true cost of anything Americans purchase.
So, while the different levels of government in our country try to push various agendas to make our world “better,” they all-to-often go the wrong way and almost always with unintended consequences. Additionally, one cannot forget the corruption that quickly follows most subsidy programs.