State officials deliberately underestimated the cost of Gov. Ted Kulongoski's plan to lure green energy companies to Oregon with big taxpayer subsidies, resulting in a program that cost 40 times more than unsuspecting lawmakers were told, an investigation by The Oregonian shows.
Records also show that the program, a favorite of Kulongoski's known as the Business Energy Tax Credit, has given millions of dollars to failed companies while voters are being asked to raise income taxes because the state budget doesn't have enough to pay for schools and other programs.
The incentives are now under intense scrutiny at the Oregon Department of Energy, which is scrambling to curb their skyrocketing costs.
What's so "progressive" about defrauding your constituents?
1 comment:
I'm waiting for the average american to conclude that Santa Clause, the Tooth Fairy, the Easter Bunny, and a Successful Socialist Economy are all just fairy tales. They are pretty far along on the first three. The last one I'm not so sure. How long will Peggy's mortgage have to go unpaid before she concludes that she's still the one that will have to pay it.
How's that Hope-n-Change workin out?
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