CITIZEN POWER ALLIANCE

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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