Obama to unveil alternative energy proposal

President Obama today will urge Congress to establish a research fund for transportation and fuel alternatives, called an Energy Security Trust, according to White House officials.

The president will tour and give remarks at Argonne National Laboratory just outside of Chicago, a Department of Energy facility for scientific research that specializes in advanced battery production. He will propose setting aside $2 billion over the next 10 years for an Energy Security Trust, which aims to support research and development for electric vehicles, domestic biofuels, fuel cells and U.S.-produced natural gas.

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White House officials say the Mr. Obama's proposal would be paid for with royalties generated from off-shore drilling in federal waters and with revenues generated from permitting reforms proposed in the administration's new budget. Officials emphasized the royalties would not come from new drilling and development projects, only development already included in their current 5-year plan.

The president initially proposed the idea last month in his State of the Union address saying his goal with the Energy Security Trust was to "to shift our cars and trucks off oil for good."

"I also want to work with this Congress to encourage the research and technology that helps natural gas burn even cleaner and protects our air and our water," he said.

Potential bipartisan support for the idea may come from Sen. Lisa Murkowski, R-Alaska, who, following the State of the Union Address, released a statement saying the Energy Security Trust was "an idea [she] may agree with," and that she "intend[s] to get to work on this as soon as possible."

White House officials said they had reached out to both Murkowski and Sen. Ron Wyden, D-Ore., in crafting the proposal and feel that the Energy Security Trust is a bipartisan idea where conversations on Capitol Hill will be "fruitful."

[GOP-R--Con-Men]

"Life isn't fair but government should be"

Ann Richards Former Texas Governor and Democrat

[whaas2]

The President loves to travel at the tax payers expense. All the President seems to do is propose more spending. It is the President's goal for the federal government to start to post surpluses by 2015. The President needs to provide a detailed financial plan as to how this can happen.

[GOP-R--Con-Men]

And this critique coming from a republican, the party that have given American the most debt of the two paolotical parties = no credibility.

[tenbender]

Take the tax breaks from everyone and place it on the debt. If not Obama will just give it away to his friends to start business that will bankrupt in a year or less ! You all know that.
If any new taxes come along don't let Washington get there hands on it.

[FOX_PARROTS_LIE]

DAN329292 replies: "They are not GIVEN money. They have deductions related to the operation of their business. Like depreciation. etc.

Overall, it does not matter."



Sure it does danny boy, since TRUE fiscal conservatives say that there is no difference between spending and tax cuts, just serve different interests.

You really are a lib, danny boy, just like most republicans today! LOL!

[FOX_PARROTS_LIE]

Economists generally agree that "tax expenditures" such as loopholes and subsidies are the same thing as direct spending. But Republicans insist there is a fundamental philosophical difference between keeping your own money, even through an unjustified and egregious tax loophole, and receiving a check from the government.

[FOX_PARROTS_LIE]

Senator Tom Coburn, Republican of Oklahoma, has been asserting for years that many tax expenditures are identical to spending in all but name and are nothing but giveaways with no economic benefit except to the recipients. On Dec. 13, he released a new list of egregious tax loopholes that should be abolished and raise $130 billion of additional revenue over the next decade.


Dec 12 2012
Dr. Coburn Asks President and Congressional Leaders to Tackle Tax Code in Fiscal Cliff Negotiations

Says tax code cannot be a favor factory for the well-connected

http://www.coburn.senate.gov/public/index.cfm/news?ContentRecord_id=E91A0BB0-1D5E-4EA2-93FF-6CA122B263FD

[FOX_PARROTS_LIE]

"Gunmen kill 6 at bar in Mexico resort town of Cancun; 5 wounded"



Appears as if danny boy is already causing death and destruction at a Mexican bar, that refused to serve a drunk any more liquor!

[ZelaZinthia]

If negativity could be used to supply our energy needs there is a good supply of it in this thread.

[daffy64]

Stupid Obama! He wants to use American sources of energy when there's plenty of Canadian oil available!

Signed, a Canadian.

[ccb5508]

waste MORE money?? why not--

[yutubenut]

Just how stupid is Obama? Hey pres, google DOE there you will find the mission statement of this department:
"The mission of the Energy Department is to ensure America's security and prosperity by addressing its energy, environmental and nuclear challenges through transformative science and technology solutions."

That covers what you want to do. But Obama just wants more bloated government, people working for the state, and voting to keep their do nothing jobs.

[sb36618]

Time to pay off campaign donors!