Local news here has pointed out a prime example of Obama's stimulus package's results. The story was portrayed as a success story. I think otherwise ....
The Federal Government is sending millions of dollars to states for energy upgrades for lower income people. The stated goal is to save these folks money by making their homes more energy efficient. Texas has received $327,000,000 for this purpose - normal levels are about 13 million per year.
The news story showed a low income older black woman. A crew was working on her home, changing out all of the windows, caulking, adding insulation, installing window a/c units, etc. The story says that the bill is over $10,000, all of it covered by the government (our tax dollars!).
Her electric bill has run about $1000 per year. The modifications to her home are estimated to give her savings of about $200 per year. Let's check that ROI - 200 per year savings, 10000 cost - the work will pay for itself in 50 years .... In her interview, she said she hoped she would save enough money to buy a new pair of shoes.
What a crock of sh*t.
What a waste of taxpayer money.
Why didn't the government just write her a $300 check every year for the rest of her life - would have been a lot cheaper, and benefited her more.
Subscribe to:
Post Comments (Atom)
2 comments:
If this is so easy to see for normal people, why in the h*ll is this so hard to get across to the people who approve this sh*t? Run for President, I'm with you all the way!
If you come do $10,000 worth of work on my house, I'm only going to save about $200 a year? WTF?
More "creative financing" that us little people don't understand. Maybe Nancy Pelosi can explain it.
Post a Comment