Australia Cuts 90% of Global Warming Funds – Calls Carbon Tax an Act of Economic Vandalism

Is it possible for America to learn from the mistakes of others?

Australia was ahead of America in making an ill-advised decision to impose a national carbon tax on their citizens. Now they will also lead America retreating from their economic foolishness.

More than 90 percent of the funds related to global warming have been axed from upcoming budget considerations, down to $500 million from a previous level of $5.75 billion.

Leftists and environmental authoritarians are beside themselves but the conservative government of Prime Minister Tony Abbott has promised still more sanity is on the way.

While climate alarmists rail against the move, Abbott describes the cuts as vital to reducing the size of Australia’s government and improving the economy.

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