Pulaski note: Bingaman has obviously had a change of heart when it comes to ethanol subsidies. In Feb. 2009 he was pleading to congress and the public for more financial assistance. The article can be seen here. WASHINGTON – U.S. Senator Jeff Bingaman voiced his support for the end of a subsidy of ethanol – an additive to gasoline aimed at reducing pollution. Today, Bingaman voted in favor of an amendment introduced by Senators Dianne Feinstein and Tom Coburn that would immediately end the subsidy, which is set to expire at the end of the year. The amendment passed 73-27. Bingaman has said he would prefer to allow the subsidy to expire rather than to surprise businesses with a mid-year elimination. But he voted in favor of the amendment to make it clear he wants the ethanol subsidy to end. More
News New Mexico
Bingaman Reverse: "Ethanol Subsidies Should End"
Pulaski note: Bingaman has obviously had a change of heart when it comes to ethanol subsidies. In Feb. 2009 he was pleading to congress and the public for more financial assistance. The article can be seen here. WASHINGTON – U.S. Senator Jeff Bingaman voiced his support for the end of a subsidy of ethanol – an additive to gasoline aimed at reducing pollution. Today, Bingaman voted in favor of an amendment introduced by Senators Dianne Feinstein and Tom Coburn that would immediately end the subsidy, which is set to expire at the end of the year. The amendment passed 73-27. Bingaman has said he would prefer to allow the subsidy to expire rather than to surprise businesses with a mid-year elimination. But he voted in favor of the amendment to make it clear he wants the ethanol subsidy to end. More News New Mexico
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1 comments:
Ethanol subsidies should not end because they are wrong. ALL subsidies should end because they are UNCONSTITUTIONAL. The federal government has no authority to grant subsidies. The spending authority is limited to exactly three areas (Article I, Section 8, Paragraph 1). Spending for ANYTHING not directly within those areas is banned by the Constitution. If the feds would simply adhere to the textual limitations of the Constitution, our tax rates would drop by 90% and we would NEVER have debts/deficits. But who can expect a politician to be cautious with OPM (other people's money, pronounced opium) when most of those in Congress can't even manage their own finances.
Top all this off with the greed of the people who want to receive something for "nothing" from the government, and we get what we now have.
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