Biofuel's Cost Torpedoes Navy Budget -- Tom Roberson, American Thinker
Facing massive cuts to the defense budget, the U.S. Navy is being used to prop up the failing biofuel industry by converting the fleet to run on the so-called "green fuel" at $26 a gallon.
Failure to cut federal government spending by last year's Budget Supercommittee triggered automatic cuts to the defense budget estimated at some $600 billion over ten years. These cuts come on top of $400 billion in cuts over ten years under former Defense Secretary Robert Gates, and an additional $100 billion in cuts over ten years demanded by the Obama Administration.
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My Comment: Could not have said it any better.