The Hill News

As the United States temporarily postpones a potentially catastrophic blow to its credit ratings, Congress is missing a substantial opportunity to reduce obvious government misspending. I am referring to government handouts to the fossil fuel industry in the form of subsidies, tax deductions, tax credits, and cheap access to public property.  

Smaller-government advocates in Congress, who say they are committed to spending reductions, should be falling over each other to cut handouts to the most profitable companies in human history. Instead of meaningful action, however, there is a concerted effort to justify those handouts at a time when the nation’s global credit rating is at stake.

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