by Jack
I bet you wish you could get a great deal like this, but you can’t because you are not poor enough! Of course Obama is trying to fix that for you.
Last night at the city council meeting council passed an appropriation for $7000 to pay for installation of seven solar units on 7 houses in the Martha’s Vineyard subdivision, which is low income housing. This is an amazing deal since any solar installation worth doing costs upwards of about $8-10,000. Councilman Gruendel thought this was wonderful, because we get so much leverage off such a small expenditure.
Okay, so what’s the real cost, how can they do this so cheaply? The answer is, they can’t. It still costs the going rate, about $8-10K. The remaining money is coming from the federal gov. (Obama dollars) via a special gov. grant the solar company is using.
And you may be wondering, where does that federal money come from? Where it always comes from…your tax dollars.
So Mr. and Mrs. Taxpayer, you are subsidizing the spending in real dollars of about $10k per unit or $70,000 total. And $40,000 of that amount is on credit…remember, 40% of every tax dollar spent is on credit, right? Now Chico is but one community and these solar installations are going up all over America…and we’re paying for all of it. As soon as this project is over, the city plans on doing eight more units and they are looking forward to doing many more in the future.
Seems like the everyone at City Hall thinks this is wonderful, they’re giving solar panels away to the poor and it’s hardly costing us anything…ain’t that just wonderful?
Now here’s my thought: This another stupid giveaway that goes on the credit card of the United States…when will we learn to stop spending on things we can’t afford?
There’s no telling how long these solar units will last before they are destroyed or (ahem) stolen. They do require regular maintenance. . . and we know that people that get something for nothing have a bad track record for taking care free things.
I wonder if your tax dollars will not wind up subsidizing someone’s indoor medical marijuana grow?
http://www.brillig.com/debt_clock/
The only problem with that is that so many citizens don’t have a job or have no intention of working. According to this site it much worse than it seems:
Soooo…the amount that those of us who are working and paying taxes is a whole lot higher…some math whiz can figure out the amount…
I gotta go!