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0 sats \ 0 replies \ @gabybaby 1 Nov 2023 \ parent \ on: US Treasury Estimates Borrowing Additional $1.6 Trillion In Next 6 Months meta
Wanted to add a follow-up on this thread regarding offshore wind. Saw this article today. Confirms everything I/others have mentioned with regard to efficient allocation of (taxpayer funded) government funds.
The outcome should not be surprising even if the quoted reasons for failure are pretty hilarious. The CEO can't come right out and say it, but the projects were never viable. Blaming rising rates just means that ZIRP was necessary for these projects to succeed.