Money

This story has mostly positive ratings. 7 votes / No sinks

What Congress Can Do About Soaring Gas Prices

Money – Gasoline prices are soaring and the people are screaming. And they want something done about it-now! - A fiscal recommendation laid out in 2006.

Tags: gasoline, prices, free market, energy, ron paul

Report

Filter Comments ›
1 - 1 of 1 Comment by 1 members  RSS Feed for comments

1

Add Comment
avatar
Reply

FTA-

Exploding deficits, due to runaway entitlement spending and the cost of dangerous militarism, create pressure for the Fed to inflate the money supply. This contributes greatly to the higher prices we all claim to oppose.

If we want to do something about gas prices, we should demand and vote for greatly reduced welfare and military spending, a balanced budget, and fewer regulations that interfere with the market development of alternative fuels. We also should demand a return to a sound commodity monetary system.

All subsidies and special benefits to energy companies should be ended. And in the meantime let's eliminate federal gas taxes at the pump.

Oil prices are at a level where consumers reduce consumption voluntarily. The market will work if we let it. But as great as the market economy is, it cannot overcome a foreign policy that is destined to disrupt oil supplies and threaten the world with an expanded and dangerous conflict in the Middle East.

1

Add Comment

You must log in first to post a comment. Secure Signin

Not a member? Sign-up today!


Who voted on this story?

Who sunk this story?

Channels
AnchorsArt & DesignAutos
BooksCareers & JobsCelebrities
Do No EvilDo-It-YourselfFamily
FoodGadgets & TechGay & Lesbian
Health & FitnessHumorLove & Personals
MenMoneyMovies
MusicNewsPets
PoliticsPopular VideosReal Estate
ReligionScienceShopping
SportsTelevisionTravel
VideoVideo GamesWomen

More on Money

Visit AOL Money for the latest market news, stock quotes, the web's best online portfolio manager and help with every aspect of personal finance.