Keynesian economics is not today’s invention. Government intervention to prevent recessions from turning into depressions has been the accepted policy from 1930s. So, even though I share your feelings towards debt, (especially when excessive), it may be the only way to prevent Hoovervilles from becoming commonplace. I agree CFC has many problems; but at least the intention of fuel efficiency can’t be questioned; especially when much bloodshed has been over oil (directly or indirectly). In fact, the loaded cost of oil has been estimated to be about $200 per barrel if you include the cost of all military misadventures. Being a government program, obviously it was corrupted and porked up. But I would direct my outrage towards Congress buying more weapons that Pentagon doesn’t want or keeping U.S. troops in Japan, Germany, UK, Italy etc., 64 years after WWII. There is a lot of government waste; but C4C is not the top of list.
