{"id":12257,"date":"2011-12-02T18:45:51","date_gmt":"2011-12-02T23:45:51","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=12257"},"modified":"2011-12-02T18:45:51","modified_gmt":"2011-12-02T23:45:51","slug":"cut-obama%e2%80%99s-crony-loan-programs-to-help-balance-budget","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/12257\/cut-obama%e2%80%99s-crony-loan-programs-to-help-balance-budget\/","title":{"rendered":"Cut Obama\u2019s Crony Loan Programs to Help Balance Budget"},"content":{"rendered":"

Here\u2019s my contribution to the debate on how to cut the federal deficit: Congress should cut the criminally mismanaged loan program administered by the Department of Energy.\u00a0 Under Secretary Steven Chu\u2019s watch, the department has doled out $535 million to the now-bankrupt Solyndra<\/a>, with a separate $400 million sweetheart deal to Abound Solar<\/a>.\u00a0 Both firms are financially backed by top-dollar campaign bundlers for President Barack Obama\u2019s presidential runs.<\/p>\n

Had this program not been in place nearly $1 billion of taxpayer money would not have been parceled out to crony capitalists.\u00a0 (Add the $548 million steered to Siga Technologies Inc.<\/a> for a smallpox drug America doesn\u2019t need, and you\u2019re at nearly $1.5 billion to pay for products the private market doesn’t want.)\u00a0 Is there a Democrat in Congress willing to defend this massive waste of taxpayer money, money that could have been spent to pay down the debt, shore-up Social Security, or extend the payroll tax holiday?<\/p>\n

The best reason to get a Republican nominee quickly is so that the broader American electorate can be educated on the enormous amounts of waste, fraud, and abuse inflicted on the nation\u2019s fisc by the Occupiers in the White House.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s my contribution to the debate on how to cut the federal deficit: Congress should cut the criminally mismanaged loan program administered by the Department of Energy.\u00a0 Under Secretary Steven Chu\u2019s watch, the department has doled out $535 million to the now-bankrupt Solyndra, with a separate $400 million sweetheart deal to Abound Solar.\u00a0 Both firms […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3225,143,3226,2710,195,2456,3197,3043,3108],"class_list":["post-12257","post","type-post","status-publish","format-standard","hentry","category-posts","tag-abound-solar","tag-barack-obama","tag-corrupt","tag-crony-capitalism","tag-energy","tag-loan","tag-siga","tag-solyndra","tag-steven-chu"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=12257"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12257\/revisions"}],"predecessor-version":[{"id":12261,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12257\/revisions\/12261"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=12257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=12257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=12257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}