April 12, 2011- Did Koch Industries write the budget deal? Or is it just a coincidence that so many of the the things Republicans demanded — and got — just happen to line up with the financial interests of the billionaires who fund the Tea Party and much of the “conservative movement?” Cutting money for the EPA, alternative energy efficiency, high-speed rail, efforts to fight climate change — even prohibiting NOAA from creating a Climate Service … it reads like an oil tycoon's wish list.
Before you read this, remember that they just finishing pushing through another huge tax cut for the rich. Always remember that tax cut deal any time you hear about "deficits" — which were caused by tax cuts for the rich and increases in military spending. And before reading about the cuts below you should know that this buget “cut” deal increased the military budget by another $5 billion. From Talking Points Memo,
One of the hardest hit institutions is the Environmental Protection Agency, whose power Republicans have sought to curtail in recent years through a variety of legislative means. The agency will receive $1.6 billion less in funding than current levels, a 16 percent drop, including a $49 million reduction in climate change programs …
The National Oceanic and Atmospheric Administration also saw a $142 million reduction in funding and is prohibited from creating a Climate Service.
In addition … programs aimed at boosting energy efficiency for power plants and transportation also were major targets. Energy efficiency and renewable energy were cut by $438 million while fossil energy R&D was reduced by $226 … Funding for high speed rail, all $2.9 billion of it, was zeroed out entirely. …
Get it? What we just went through was "You stop that energy efficiency and climate change stuff, or we will shut down the whole government." The EPA is cut 16%. And just who benefits from these cuts, which do serious damage to the country? I'll let you guess (hint — read the title of this post.)
I wonder what this budget will do to real estate prices in coastal areas – the areas that are threatened by rising seas?