We need to downsize the Dept of Energy now!!!

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 We need to downsize the Dept of Energy now!!!
January 9, 2014 11:33AM

Downsize the Department of Energy

The Department of Energy spends $29 billion per year on various schemes with a disastrous track record, often with bipartisan support. From regulations that destabilize markets, decrease domestic output and harm consumers, to subsidies that pick and choose winners and losers, this department is a perfect example of a white elephant – an expensive project of little to no useful purpose.

Solyndra is the best example of such waste. The solar panel company received a $535 million loan before filing for bankruptcy in 2011. The federal government will likely recover just $27 million from that loan.

The department can be abolished by relegating security and clean-up-related tasks to the EPA or the Department of Defense and by returning research functions to the private sector. In all, abolishing the Department of Energy would save taxpayers about $7 billion a year. To that end we’ve created a short video which makes these and other points, which you can watch below.

Downsize the Department of Energy

Published on Jan 8, 2014

http://www.downsizinggovernment.org/e…

The Department of Energy oversees nuclear weapons sites and subsidizes conventional and alternative fuels. The department has a history of fiscal and environmental mismanagement. Furthermore, misguided energy regulations have caused large losses to consumers and the broader economy over the decades.

The department spent about $29 billion 2013, or $240 for every U.S. household. It employs 17,000 workers directly and oversees about 100,000 contract workers at research facilities across the nation.

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