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Media Pave the Way for Next President to 'Cap' U.S. Energy Use
|Do you want to be up to $3,700 poorer every year for the next 20 years? |
The Senate is debating a bill this week that has been touted as a solution to global warming – it contains so-called “cap-and-trade” restrictions on energy use. But what you probably haven’t heard from the media is that such a system could cost $1.7 trillion to $4.8 trillion – about the cost of “660 hurricanes – 35 per year – for two decades,” according to The Heritage Foundation.
That would come out somewhere between a $949 to $3,726 decline in income per household, per year.
Al Gore said the bill “needs to be stronger.” Presidential candidate Sen. Barack Obama (D-Ill.) wants even more drastic carbon reductions than the current Senate bill proposes.
According to one analysis, higher gas prices, electricity costs and job losses all could result from the energy-restricting system.
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posted by CITIZEN POWER ALLIANCE at 5:59 PM - permanent link
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