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URL:  http://boards.fool.com/no-wonder-we-are-broke-these-programs-are-sold-30333349.aspx

Subject:  Re: We get it Date:  10/22/2012  9:50 AM
Author:  steve203 Number:  18047 of 18427

No wonder we are broke.

These programs are sold as "jobs" programs. All the "pork" road and water projects aren't pork to the people in the district where the project is built. They are opportunities to pocket some money. Feed the mob enough fear and hate of Communists or Muslims and defense spending gets a pass, but it's still a jobs program.

There is a proposal on the Michigan ballot this fall to mandate 25% of electricity generation come from renewable sources.

PROPOSAL 12-3
A PROPOSAL TO AMEND THE STATE CONSTITUTION TO ESTABLISH A STANDARD FOR RENEWABLE ENERGY

This proposal would: Require electric utilities to provide at least 25% of their annual retail sales of electricity from renewable energy sources, which are wind, solar, biomass, and hydropower, by 2025.

Limit to not more than 1% per year electric utility rate increases charged to consumers only to achieve compliance with the renewable energy standard.

Allow annual extensions of the deadline to meet the 25% standard in order to prevent rate increases over the 1% limit.

Require the legislature to enact additional laws to encourage the use of Michigan made equipment and employment of Michigan residents.


http://ballotpedia.org/wiki/index.php/Michigan_Renewable_Ene...

The TV ads in favor of the measure tout the "jobs" that will be created. The linked article clames 40,000. The most recent pro TV ad touts "94,000 jobs that will go to other states that have renewable energy mandates"

The anti TV ads have gone from claiming it will cost state residents and extra $4,000 in electricity costs, to claming "all your money will go to California millionares"

Steve
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