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"The Story of Broke": How We Go Broke Propping Up the "Dinosaur Economy" of Oil, Coal, and Gas

1 min. read

If you haven't seen it, "The Story of Broke" video, by Award-winning internet filmmaker Annie Leonard and the good folks at The Story of Stuff, is well worth watching. The video explains how the United States is far from broke, but is in fact "the richest country on the planet and a country in which the richest among us are doing exceptionally well." The issue, clearly, is how we spend our money.

Specifically, this video explains how billions per year of our tax dollars go to prop up the ailing “dinosaur economy," including subsidies to the oil, gas and coal industries. As the Congressional "Supercommittee" looks to cut the nation's budget deficit, it is glaringly obvious that these wasteful, harmful, expensive subsidies are a great place to start.