Economic growth, as history has shown, remains the best deficit-reduction strategy of all.
A good growth strategy would be to get energy prices down. The way towards that would be to increase domestic supply. Fortunately, as we have seen, there is plenty of natural gas available. Now, if the government would just make sure that this doesn't get short circuited by radical environmentalism, there may be a chance to do just that.
Concerns about carbon dioxide? Recapture it. How? Use hydrogen fuel cells. Just extract the hydrogen from the gas and keep the carbon dioxide. What do you do with the carbon dioxide? Make bioplastic.
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