Lars Larson: More waste in the federal stimulus

Here’s my latest and the best example of waste of federal stimulus money. A train system that now has $4 million from the federal government to invest in special capacitors.

 Those capacitors are supposed to store up the electricity that is generated by the train when it applies the brakes. I suppose that is sensible. The problem is $4 million and what is the annual cost savings? About $160,000. Not even the value of the investment. Not even the value of the money at 5%.

 That doesn’t make any sense but it is just another example of how green technology is supposed to provide jobs. By having us waste $4 million to save less than 5% of that every year and the equipment will probably wear out in less than twenty. That is an awful lot of money wasted for almost no savings.

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