End fossil fuel welfare handouts paid for by taxpayers

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Originally Posted by Riot

No, that's not what Chu said.



No, these subsides do not "come back to me" in cost lowering at the pump, they go into massive profit for the oil companies.



Nope. Use it to pay down our massive deficit, caused by all these free government welfare handouts to record-profitable companies that pay little to no tax.

Shortly before he became President Barack Obama's energy secretary, Steven Chu declared, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe" -- which were around $8 per gallon at the time.
http://www.politico.com/news/stories/0212/73138.html

You sure about that?