Thursday, May 14, 2009

Here's the Tithing to Al Gore's Cult

Quoting The Heritage Foundation:
“Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) proposed yet another global warming bill following the tradition of McCain-Lieberman, Lieberman-Warner, Dingell-Boucher, and others. Though the proposed legislation would have little impact on world temperatures, it is a massive energy tax in disguise that promises job losses, income cuts, and a sharp left turn toward big government.

The result is government-set caps on energy use that damage the economy and hobble growth--the very growth that supports investment and innovation. Analysis of the economic impact of Waxman-Markey projects that by 2035 the bill will:

• Reduce aggregate gross domestic product (GDP) by $7.4 trillion,
• Destroy 844,000 jobs on average, with peak years seeing unemployment rise by over 1,900,000 jobs,
• Raise electricity rates 90 percent after adjusting for inflation,
• Raise inflation-adjusted gasoline prices by 74 percent,
• Raise residential natural gas prices by 55 percent,
• Raise an average family's annual energy bill by $1,500, and
• Increase inflation-adjusted federal debt by 29 percent, or $33,400 additional federal debt per person, again after adjusting for inflation.”
Click the image & read the rest:
Click the image & read the rest
The Washington Times reports this insanity could well become law.
Click here for a cost/benefit analysis of The Kyoto Protocol.
Click here for some basic climate change science.

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