“Douglas Elmendorf, director of the Congressional Budget Office, told members of the Senate Finance Committee Thursday that ‘Under a cap-and-trade program, consumers’ — not demonized corporations, we might add — ‘would ultimately bear most of the costs of emission reductions.’…
Cutting carbon emissions by 15% through this method would cost each American household an average of $1,600 a year, the CBO found. In a worst-case scenario, the cost is $2,200 per household.
Current House legislation would carry even heavier economic penalties than the CBO's model suggests.
Should it become law, it would require that CO2, the greenhouse gas some (but far from all) scientists believe is warming the planet, be cut 20% from 2005 levels by 2020. By 2050, the emissions would have to be 83% below 2005 levels. In light of this, $1,600 a year seems like a bargain. …
OK, now we're convinced. The country does need cap-and-trade — preferably a cap placed on the many poor ideas flowing out of Washington and a large-scale trade of the existing political leadership for a fresh class of elected officials who can think straight.”
Naturally, as the editorial notes, the Dims have no intention of allowing reason, facts or common sense to interfere with the creed of their totalitarian, political religious cult. They WILL impose this travesty on us all.
So, start now to gather up your $1,600 annual tithing to The Father (Al Gore), The Son (Obama) and the most unholy ghost (James -- mad man -- Hansen).
Of course, $1,600 per year is the lowball estimate. I can guarantee it will be far, far, FAR more than that -- and all this money will just be flushed down the crapper. There will be NO BENEFIT what-so-ever.
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