Comment by phil21
9 hours ago
It was a penny wise and pound foolish political move to pretend to be financially responsible and reduce the deficit by some tiny rounding error on top of a rounding error amount.
Basically political bike shedding so elected officials could avoid making any hard or controversial decisions that would have a material impact but maybe upset some folks due to raising taxes or reducing spending.
I suppose I'm neutral on the topic of strategic helium reserves; but what aspect of this is supposed to be pound foolish? What exactly is the buffer meant to be for?
A strategic petroleum reserve makes a lot of sense, petroleum is part of the food supply chain and it'd be stupid to be in a position where a short disruption could cause people to starve. Not to mention the military implications if an army can't zoom around because the petrol stations run dry for whatever reason.
I don't see anything on the list of uses for helium that looks particularly time- and helium- sensitive in the way that a strategic stockpile would help with.