Sunday, December 22, 2013

Venezuela fuel subsidy terribly misguided, must end, free buses would solve it

Fox News Latino: "Prices at Venezuelan gas pumps have been frozen for almost 20 years with politicians hesitant to repeat the mistake of rising prices in 1989, triggering days of deadly rioting. The late President Hugo Chavez once confessed it pained him to practically give away fuel to luxury car owners, but during 14 years of rule he never dared to touch the gasoline subsidy that consumes upward of $12.5 billion a year in government income."

'via Blog this'

No comments:

Post a Comment