We’re in the red over green

By From page A6 | November 20, 2012

The promise of vastly increasing the building of green energy is a bit clouded. Thirty-four of the green energy companies that received funds from the current administration are faltering, failed or heading for bankruptcy. Of the 34, 19 have filed for bankruptcy.

The amount of taxpayers’ money given to the 19 failed companies totaled $1.6 trillion. That is somewhere in the neighborhood of the current budget deficit. We also have a debt of more than $16 trillion. Can you imagine the number 16 followed by 12 zeroes?

Oh, yes, and then there is the interest that must be paid on that debt.

Vernette Marsh

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