Loan Guarantees = Waste, Waste, and More Waste

Like a small, recalcitrant child, you always have to keep a watchful eye on the federal government.  You never know what kind of crazy idea they’ve got in their back pocket.  In a fresh burst of overly enthusiastic stupidity, the U.S. Energy Department is currently reviewing nine applications for companies seeking $4.8 billion in clean-energy loan guarantees.

We ALL know how this story ends.  And it ain’t pretty.  But you know the federal government’s favorite motto:  If at first you don’t waste enough taxpayer money, waste, waste again! 

The last time the Department of Energy issued a loan or loan guarantee was September 2011, when its authority under a stimulus-financed program expired. 

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