Hey, it's not like we have a national debt of $16 trillion or anything...
(CNSNews.com) – The
White House announced the federal government will spend $6 billion over
four years for a “sustainable energy future” plan with Asian countries
that involves loaning tax dollars to other countries to increase their
purchasing power for U.S. technology, services and equipment.
“Recognizing that energy and the environment are among the most
pressing issues confronting our region, President Obama, in partnership
with Sultan Haji Hassanal Bolkiah of Brunei and President of the
Republic of Indonesia Susilo Bambang Yudhoyono, today proposed the
U.S.-Asia Pacific Comprehensive Partnership for a Sustainable Energy
Future,” the White House announced Tuesday as Obama visits Asian Pacific
countries.
The initiative comes after the Obama administration has been
criticized for spending billions to subsidize U.S.-based green energy
companies that went on to declare bankruptcy, including Solyndra, Ener1,
A123, Beacon Power and other failed renewable energy ventures.
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