energy

Following Europe Will Lead To Collapse

In the Eurozone Spain is bracing for yet another round of painful austerity as a result of its unsustainable debt. These cuts will cripple entitlement programs that people built lives around, they will cause a spike in unemployment, and put the national security of its people at risk. This is the path big government takes you down; ballooning debt, then a crash where the bottom is not discernable.

Then why does this administration feel that the best way to fix our problems at home is to follow the same path that Europe has? Our budget deficit continues to balloon with no signs of stopping or slowing down. Historically when a nation’s debt reaches 90% as a share of GDP, economies will stagnate. Currently we are at 70% and will hit 90% in under 10 years.

This is unacceptable and can be avoided by adopting the Contract for America’s terms to pass a balanced budget amendment. This amendment will ensure spending does not accelerate at the rate it currently is and spending growth will be capped as a percentage of GDP.

Until this amendment is passed, politicians will continue to tax and spend faster and faster. When money is not coming physically out of their pockets they see no reason they can’t spend it. American government deficit spending needs to stop immediately.

The Contract from America

We, the citizens of the United States of America, call upon those seeking to represent us in public office to sign the Contract from America and by doing so commit to support each of its agenda items and advocate on behalf of individual liberty, limited government, and economic freedom.

  1. Protect the Constitution
  2. Reject Cap & Trade
  3. Demand a Balanced Budget
  4. Enact Fundamental Tax Reform
  5. Restore Fiscal Responsibility & Constitutionally Limited Government
  6. End Runaway Government Spending
  7. Defund, Repeal, & Replace Government-run Health Care
  8. Pass an ‘All-of-the-Above” Energy Policy
  9. Stop the Pork
  10. Stop the Tax Hikes

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Click here for the full text version.

Grassroots Activists Help Launch Historic “Contract from America”

Download a hardcopy of the official press release here.

On April 15th, hundreds of local Tea Party and limited government groups around the country will join together to announce the launch of the “Contract from America,” a grassroots legislative blueprint for 2010 and beyond. Originally proposed by Ryan Hecker, a Houston Tea Party activist and National Coordinator for the initiative’s chief organizing group Tea Party Patriots, this project is intended to present a different kind of agenda for our federal lawmakers: unlike the Contract with America introduced in the 1990s, everyday citizens proposed and voted on every plank of the Contract from America.

Grassroots activists from across the country visited the website to choose their top ten priorities from a list of 21 action items that committed Americans from all walks of life proposed. The top ten issues comprise the final Contract. By asking website visitors to propose and vote on the agenda, the result is not a list handed down from on high by old-bull politicians, but one handed up from the true grassroots in this country. After garnering nearly half a million votes in less than two months, the Contract from America has now been finalized into a blueprint that will serve notice to public officials about what the people want for their future.

And the top ten are…

1. Protect the Constitution
2. Reject Cap & Trade
3. Demand a Balanced Budget
4. Enact Fundamental Tax Reform
5. Restore Fiscal Responsibility & Constitutionally Limited Government in Washington
6. End Runaway Government Spending
7. Defund, Repeal, & Replace Government-run Health Care
8. Pass an ‘All-of-the-Above” Energy Policy
9. Stop the Pork
10. Stop the Tax Hikes

We are proud to join with millions of Tea Party activists across the country to announce the arrival of the Contract from America and the exit of elected officials who continue to ignore calls for fiscal responsibility, constitutionally-limited government, and free markets.

Reject Cap & Trade

Stop costly new regulations that would increase unemployment, raise consumer prices, and weaken the nation’s global competitiveness with virtually no impact on global temperatures. (Proposed by Jan Heinricks, Spring, TX)

SUMMARY

Affordable energy is literally fundamental to prosperity. High energy prices always contribute to economic slowdown. The whole point of cap-and-trade (see definition here) and other such schemes is to raise energy prices to discourage the use of fossil fuels. They therefore will have a significant negative effect on the economy. The European Union’s weak cap-and-trade scheme has cost European consumers over $130 billion since 2005, but has not yet contributed to any reduction in emissions. Analyses of various cap-and-trade schemes suggest that they will do little to avoid rising temperatures without China and other nations following suit, which they have consistently refused to agree to.

Cap and trade also has a significant regional effect, imposing new costs on states that produce and use energy intensively (for example, in manufacturing), while rewarding states that use less energy intensively (for example, by being service industry-based). This will essentially translate into a wealth transfer from interior states to coastal states.

Congressional efforts to introduce cap-and-trade schemes should therefore be opposed. Heavy-handed regulation by the EPA would also have the same, or worse, effect. Congress has the power to stop EPA imposing such harmful regulations and should do so.

~ Iain Murray, Competitive Enterprise Institute

“All of the Above” Energy Policy

Authorize the exploration of proven energy reserves to reduce our dependence on foreign energy sources from unstable countries and reduce regulatory barriers to all other forms of energy creation, lowering prices and creating competition and jobs.

SUMMARY

Energy is the stuff of life. With it, we can accomplish practically anything; we grow food, make necessities, provide warmth and shelter and comfort, education and entertainment. The Bureau of Land Management (BLM) estimates U.S. supplies at 117 billion barrels of oil and 651 trillion cubic feet of natural gas, on shore and off. This is enough oil to replace entirely our OPEC imports for more than 50 years, and enough natural gas to supply all U.S. needs for more than 30 years. That’s not counting our even more vast supplies of coal, counting in the centuries. We must no longer deny ourselves access to our most productive and affordable energy types.

The BLM found that 60 percent of the onshore federal lands with potentially significant domestic amounts of natural gas and crude are politically inaccessible. We as a nation are sitting on vast deposits of oil and natural gas that we could be using to reduce our imports. Increasingly, our coal reserves are subject to similar political constraints, even as we pour billions into clean coal technologies.

~ Tom Tanton, Pacific Research Institute