Price controls are successful until they aren't. The US can subsidise an egregious amount of bad policies for a very long time I suspect, from agriculture to health, it's not really going to hurt as there are other parts of the diverse economy that can pay.
An better example would be Venezuela, with the largest oil reserves on Earth, they subsidised energy costs to an extreme extent and it was one of the things that drove them into the ground.
People seem to dislike my comment above, yet no one seems to be arguing for petrol to cost ten cents a litre. Why not subsidise fuel if doing such things has such a successful history in the United States?
An better example would be Venezuela, with the largest oil reserves on Earth, they subsidised energy costs to an extreme extent and it was one of the things that drove them into the ground.
People seem to dislike my comment above, yet no one seems to be arguing for petrol to cost ten cents a litre. Why not subsidise fuel if doing such things has such a successful history in the United States?