The Corner

Double Vision

Dan, let me get this straight: According to the WSJ report you linked to, Reid’s new energy bill primarily does three things:

1) It eliminates the cap on damage claims oil companies must pay for spills.

2) It offers new federal subsidies for natural gas and electric vehicles.

3) It covers its $15 billion price tag by raising the per-barrel surcharge that oil companies contribute to the federal Oil Spill Liability Trust Fund to 49 cents, up from eight cents now.

Now, presumably, the $15 billion is the cost of the new federal subsidies for electric cars. And presumably, money from the Oil Spill Liability Trust Fund isn’t supposed to be spent on electric cars; it’s supposed to be spent on oil-spill clean-up. So how could the government use that $15 billion to pay for new federal subsidies for electric cars?

The Democrats have resorted to double-counting to evade their own PAYGO rules so many times that I’m starting to think Harry Reid’s calculator has a stutter.

Most Popular

Video

Trump’s Midterm Pitch

While Trump is not personally facing reelection until 2020, he is asking supporters to imagine that his head is on the chopping block Read More
Culture

The Witches of Bushwick

In Brooklyn, there is an occult bookshop called Catland Books. “Catland” is, one imagines, an apt description of the homes of the women who congregate there. The operators of the establishment have announced that they are planning to hold a special hex session this weekend to make Supreme Court justice ... Read More