scottm1207

Nationalizing Oil: Well-Intentioned, But Wrong

"And the oil co. coffers would go a long way towards easing our federal deficit."

Hey, Moron. The government already gets vastly more of oil revenues thorugh taxes than the companies get in profits. Federal, State, and local governments get over 30% of revenues and the oils companies get anywhere from 8 to 12% profits.

The problem is SPENDING! Every senator and representative wants to buy votes by promising some new social spending program with their name on it. And they do stupid things like paying ILLEGAL immigrants welfare and health benefits, though they all pay little or no income taxes, because they claim 7 dependents and have no withholding. And we build bridges to nowhere, and bike paths and unused rail lines, and any number of wasteful spending projects to impress voters and buy their votes.

Get the government out of the buisness of deciding by fiat who wins and loses and you'll have lower prices and more product. Get them out of the business of spending vast sums of money they have to steal by gunpoint from productive Americans and there will be no deficit to cover by more appropriations from you and me (who ulitmately pay the taxes that corporations transfer to the government).