The debt-ceiling agreement passed by both chambers and signed by President Biden is not good for the American public. Aside from plunging the United States further into debt, the bill resuscitated the massive energy subsidies the House had slashed with the Limit, Save, Grow Act less than two months ago. Climate folks are happy; but the average consumer of electricity ought to be concerned.
More wind turbines and solar panels sound harmless. Diversifying energy sources is never a bad idea, especially if it can save money. In reality, energy subsidies are at the expense of millions of households, many of which are living paycheck to paycheck.
This article was published in full in the Daily Caller here.
Kristen Walker is a policy analyst for the American Consumer Institute, a nonprofit education and research organization. For more information about the Institute, visit www.theamericanconsumer.org or follow us on Twitter @ConsumerPal.