As we ban our own offshore drilling, we’re subsidizing Mexico’s offshore drilling

In its recent and acclaimed series on the vast network of U.S. intelligence agencies and contractors, the Washington Post found:

The top-secret world the government created in response to the terrorist attacks of Sept. 11, 2001, has become so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist within it or exactly how many agencies do the same work…After nine years of unprecedented spending and growth, the result is that the system put in place to keep the United States safe is so massive that its effectiveness is impossible to determine.

I think it’s great that they could grasp this idea. Who do you suppose will be the first liberal to acknowledge that the exact same thing can be said of our entire federal government? Here’s a great case of the right hand not knowing what the left hand is doing, and both hands are probably hurting you:

(CNSNews.com) – The U.S. Export-Import Bank, an independent federal agency, loaned more than $1 billion to the Mexican state oil company PEMEX in 2009 to support the company’s oil drilling in the southern Gulf of Mexico. The bank has another $1 billion in loans in the pipeline for 2010, unless Congress objects.

On May 27, after the British Petroleum oil spill, President Obama imposed a moratorium on U.S. deepwater drilling in the Gulf, effecting 33 deepwater drilling rigs in the region.

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