The US government has historically subsidized things that are (or are thought to be) important to the economic health of the US, most notably, the financial sector, tele-communications, agriculture, and oil and gas. It seems strange that foul is only called when subsidies are being spent on renewable energy. How is clean, renewable, domestic energy not important for the health of our country?
I do feel that the US government should strategically subsidize certain industries that are important for long-term national interest and success.
I do also feel, however, that some of this has turned out pretty poorly. I very much disagree with the US involvement in the financial industry, and it could be argued that agricultural subsidies have been a major contributor to obesity and health issues in the US, which ends up costing more money than the subsidies themselves (along with the obvious non-economic aspects).
I think that the federal government should subsidize research, and should help ensure that the free market takes into account the full cost of things (like environmental degradation), and otherwise try to hang back a bit. As it long as it helps ensure the fairer rules (rather than just putting off the long term costs of things), I think the government can play an important but largely indirect role.
Our country is broke. If and when we have a balanced budget that wants to subsidize green energy, I will be the first to get on board.
We have to quit spending money we don't have. Obama has spent twice as much as Bush each of the last 3 years and we keep borrowing a trillion a year from the Chinese.
This has to stop.
People who want to leave the next generation a better future had better think about this debt problem.
Lets use private investment money for a change.
The US household net worth is close to $60 trillion, and the national debt is around $15 trillion. And the US still owns most of its own debt. We're not broke; it's that money has been shifted around in suboptimal ways.
Congress can fix the majority of the national deficit by doing
nothing and allowing the tax cuts from a decade ago to finally expire, and allowing medicare cuts and automatic cuts to take place. By doing just about anything, Congress will keep the deficit larger. Now, just letting everything expire isn't optimal either, but the point is, the problem is currently self-imposed on an ideological basis.
Trying to run a developed country with among the lowest tax rates in the developed world, and among the least progressive tax rates in recent US history, is like trying to run a marathon with a chain around one foot. It's a self-imposed and unnecessary limitation.