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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (44423)7/28/2010 5:13:53 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Hey... there is no need to go all the way back to (since replaced) looser language. Especially as I've already amended my comment to change it's description of this liability boon for off-shore oil drilling outfits so as to call it a "lesser incentive", and not any kind of huge incentive.

(Unless you just can't get enough of arguing that is... and so feel impelled to go back and back and re-chew over old ground, long abandoned. ;-)

But as far as THIS goes: "it doesn't equal a tax payer assumption of liability risk"

THAT is flat-out incorrect.

(Unless perhaps you would also think the same strange thing if we put a cap on liability payments that could be assessed against physicians in malpractice law suits, but allowed the plaintiffs potential recoveries in such suits to remain *un-capped*... passing the blue-sky upside risk of those judgments over to the taxpayers? Or in the case of the Price-Anderson Act where we have done the EXACT SAME THING: had the taxpayers ASSUME the risk from the nuclear power industry of any potential damages above the statutory amount in the event of a melt-down....)

NO WAY IN HELL are those 'not a taxpayer assumption of liability risk'.
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