President Obama’s stimulus plan to weatherize America may take more than a generation to break even — if it ever does.
States will spend an average of $6,500 to weatherize homes under the plan, according to a report in Greenwire. Eligible homes house families earning up to 200 percent of the federal poverty level, about $44,000 per year for a family of four.
In Indiana, which just received the first tranche of the $132 million in caulking industry welfare coming its way, the average annual home heating cost is about $1,000.
As Obama’s caulking program hopes to reduce average home heating bills by 32 percent — or about $320 per year in Indiana — it could take more than 20 years for the program to break even.
[This space reserved for the photo-op of the Caulker-in-Chief in action!]
