{"id":24334,"date":"2013-01-07T19:21:12","date_gmt":"2013-01-08T00:21:12","guid":{"rendered":"https:\/\/www.windturbinesyndrome.com\/static\/static\/?p=24334"},"modified":"2013-01-07T19:26:12","modified_gmt":"2013-01-08T00:26:12","slug":"big-winds-production-tax-credit-us-congress","status":"publish","type":"post","link":"https:\/\/www.windturbinesyndrome.com\/static\/2013\/big-winds-production-tax-credit-us-congress\/","title":{"rendered":"Big Wind’s “Production Tax Credit” (US Congress)"},"content":{"rendered":"

\"\"<\/p>\n

Editor’s note<\/em>: \u00a0At the eleventh hour, just before plunging headlong over the much ballyhooed “fiscal cliff,” the US Congress renewed Big Wind’s Production Tax Credit<\/em>, allowing wind developers to harvest taxpayer dollars for another 20 years. \u00a0<\/span><\/p>\n

Twenty years? \u00a0Yes, you read it right. \u00a0Any windfarms which are begun in 2013 will be eligible for a tax credit for 20 years thereafter. \u00a0“Starting” a windfarm can be as trivial as taking a shovel and moving a pile of dirt—once local approvals have been secured. \u00a0<\/span><\/p>\n

All the more reason for communities to stall these projects.<\/span><\/p>\n

Congress has once again demonstrated its incompetence, in this case, its incompetence to grasp the fleecing of the American taxpayer by Big Wind. \u00a0(In fairness to the scrambled brains in Congress and the White House, the American Wind Energy Assoc. mounted a full court press, which was obviously effective. \u00a0Once more, lobbying by Big Money wins the day.)<\/p>\n

Is this Congress really able to govern us? \u00a0Let me rephrase that: \u00a0Is the Congress competent to govern?<\/em> \u00a0Notice how it handles our finances. \u00a0The following was sent by one of our readers.<\/p>\n

Lesson #1<\/strong><\/p>\n

U.S. Tax revenue \u00a0$2,170,000,000,000<\/p>\n

Fed budget \u00a0$3,820,000,000,000<\/p>\n

New debt \u00a0$1,650,000,000,000<\/p>\n

National debt \u00a0$14,271,000,000,000<\/p>\n

Recent budget cuts \u00a0$38,500,000,000<\/p>\n

Let’s now remove 8 zeros and pretend it’s a household budget:<\/p>\n

Annual family income \u00a0$21,700<\/p>\n

Money the family spent \u00a0$38,200<\/p>\n

New debt on the credit card \u00a0$16,500<\/p>\n

Outstanding balance on the credit card \u00a0$142,710<\/p>\n

Total budget cuts so far \u00a0$38.50<\/p>\n

Got it?<\/p>\n

Lesson #2<\/strong><\/p>\n

Here’s another way to look at the debt ceiling. \u00a0Let’s say you come home from work and find there has been a sewer backup in your neighborhood, and your home has sewage all the way up to your ceilings.<\/p>\n

What do you think you should do? \u00a0Raise the ceilings or remove the shit?<\/p>\n

 <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Editor’s note: \u00a0At the eleventh hour, just before plunging headlong over the much ballyhooed “fiscal cliff,” the US Congress renewed Big Wind’s Production Tax Credit, allowing wind developers to harvest taxpayer dollars for another 20 years. \u00a0 Twenty years? \u00a0Yes, you read it right. \u00a0Any windfarms which are begun in 2013 will be eligible for a tax credit for 20 years thereafter. \u00a0“Starting” a windfarm can be as trivial as taking a shovel and moving a pile of dirt—once local approvals have been secured. \u00a0 All the more reason for communities to stall these projects. Congress has once again demonstrated its incompetence, in this case, its incompetence to grasp the fleecing of the American taxpayer by Big Wind. \u00a0(In fairness to the scrambled brains in Congress and the White House, the American Wind Energy Assoc. mounted a full court press, which was obviously effective. \u00a0Once more, lobbying by Big Money wins the day.) Is this Congress really able to govern us? \u00a0Let me rephrase that: \u00a0Is the Congress competent to govern? \u00a0Notice how it handles our finances. \u00a0The following was sent by one of our readers. Lesson #1 U.S. Tax revenue \u00a0$2,170,000,000,000 Fed budget \u00a0$3,820,000,000,000 New debt \u00a0$1,650,000,000,000 National debt \u00a0$14,271,000,000,000 Recent budget cuts \u00a0$38,500,000,000 Let’s now remove 8 zeros and pretend it’s a household budget: Annual family income \u00a0$21,700 Money the family spent \u00a0$38,200 New debt on the credit card \u00a0$16,500 Outstanding balance on the credit card \u00a0$142,710 Total budget cuts so far \u00a0$38.50 Got it? Lesson #2 Here’s another way to look at the debt ceiling. \u00a0Let’s say you come home from work and find there has been a sewer backup in your neighborhood, and your home has sewage all the way up to your ceilings. What do you think you should do? \u00a0Raise the ceilings or removeRead More…<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[157,16,170,173],"tags":[],"_links":{"self":[{"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/posts\/24334"}],"collection":[{"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/comments?post=24334"}],"version-history":[{"count":0,"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/posts\/24334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/media?parent=24334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/categories?post=24334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.windturbinesyndrome.com\/static\/wp-json\/wp\/v2\/tags?post=24334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}