alt.energy.renewable

In article 857a335abb1e@m36g2000hse.googlegroups.com>, houston.smith@wave-net.net
(Himpg) says...

> Automotive fuel consumption would be reduced by about 50% (or more) ...
> putting money (up to about $3,000 per year @ $4/gallon ... or more
> depending on the price of fuel) into the US consumers' pocket to spend
> on "domestic" goods and services (including fuel efficient vehicles).

There is some doubt that the money would exist. Currently, the federal
government is printing over $2 billion a day in new currency to cover
our trade imbalance. If trade was better balanced, they wouldn't have
to print the money. The advantage would be a more stable dollar, not
more money in the consumer's pocket.

> Money injected into the domestic economy generates not only potential
> for new profits but also new tax revenues to pay down National Debt,
> now approaching $9.5 TRILLION. At $4/gallon the injection potential is
> about $0.8 TRILLION PER YEAR at 44 mpg combined average. Leave it to
> the economists to figure out the annual rate of National Debt
> reduction for US.

The national debt suffers from federal folderol. The published figure
does not include the $36 trillion that the feds have borrowed from the
Social Security trust fund. Total national debt is more like $45
trillion. Fortunately, the majority of that is domestic, though it will
require dismantling the Social Security system before too much longer.


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