Today, Larry, we are borrowing a billion dollars a day mainly from countries that don’t like us to import oil from countries that don’t like us.
When I was a little boy, our country owned half the wealth on the face of the Earth. We are now transferring that wealth at a historic rate to other countries, again, mainly nations that don’t like us.
We have solutions. Unfortunately, we have a Congress that’s really brain dead. I’ll tell you something that the Congress did today. First of all, they killed the investment tax credits for solar and wind which are absolutely vital to the growth of this burgeoning industry.
Second of all, today, Congress and the White House declared a moratorium, a two-year moratorium on any solar plants being built on federal lands while they study supposedly the environmental impact.