On America's Newsroom this morning, Ranking Member Sessions discussed the latest round of questions regarding the Obama Administration's taxpayer-funded loan guarantees for green energy. Following the now-notorious case of Solyndra, a second clean energy company, Beacon Power, has filed for bankruptcy after receiving a $43 million loan guarantee from the Department of Energy. Sessions discussed the Solyndra Rule, which says that tax increases should not be put forward until the government has gotten rid of every instance of waste and abuse of taxpayer dollars.
Earlier, Sessions said in a statement that "the revelation that another corporation receiving a loan from the Obama administration has filed for bankruptcy is further evidence of the reckless abuse of taxpayers' dollars in the pursuit of green jobs." To view that statement, please click here: http://1.usa.gov/uVQkba.
Wednesday, November 2, 2011
Budget GOP: FOX Interviews Sessions On 'Solyndra Rule,' Growing Concerns of WH Corporate Favoritism