Another $130 Billion down the green statist crapper

Another way to put it is if the US had spent proportionately what Germany spent on solar subsidies we would have blown more than half a trillion dollars.  For essentially nothing.  Nada,  Nicht.  Zilch.  And Germany is lousy solar generating geography to begin with.  Our politicians aren't the only fools in this world.  Bjorn Lomborg has the tale.  Although I take issue with Mr. Lomborg's characterization of this as an 'experiment'.  Blowing $130 Billion isn't an experiment, it's an atrocity.  An atrocity that only a government could commit.

Germany once prided itself on being the “photovoltaic world champion,” doling out generous subsidies — totalling more than US$130-billion, according to research from Germany’s Ruhr University — to citizens to invest in solar energy. But now the German government is vowing to cut the subsidies sooner than planned, and to phase out support over the next five years. What went wrong?

According to Der Spiegel, even members of Chancellor Angela Merkel’s staff are now describing the policy as a massive money pit. Philipp Rösler, Germany’s Minister of Economics and Technology, has called the spiralling solar subsidies a “threat to the economy.”