Truer words never spoken

“Most of the great problems we face are caused by politicians creating solutions to problems they created in the first place.” Walter Williams

He continues:

Politicians and a large percentage of the public lose sight of the unavoidable fact that for every created benefit, there’s also a created cost or, as Nobel Laureate Milton Friedman put it, “There’s no free lunch.” While the person who receives the benefit might not pay or even be aware of the cost, but as sure as night follows day, there is a cost borne by someone….

Congress, doing the bidding of environmental extremists, created our energy supply problem. Oil and gas exploration in a tiny portion of the coastal plain of Alaska’s Arctic National Wildlife Refuge would, according to a 2002 U.S. Geological Survey’s estimate, increase our proven domestic oil reserves by approximately 50 percent. The Pacific and Atlantic Oceans and eastern Gulf of Mexico offshore areas have enormous reserves of oil and natural gas. These energy sources of oil have also been placed off limits by Congress. Because of onerous regulations, it has been 30-plus years since a new refinery has been built. Similar regulations also explain why the U.S. nuclear energy production is a fraction of what it might be.

Read the rest of this excellent article: Congressional Problem Creation.

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About stevehull

Music director in Naples, FL
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