Posted on 06/27/2009 11:10:55 AM PDT by fiscon1
Remember how the Congressional Budget Office is supposed to be the gold standard. Well, the same folks that were touting the CBO as the gold standard when the CBO was analyzing health care reform are looking skeptically at their analysis of cap and trade (known as H.R. 2988 American Clean Air and Security Act, ACES). That's because the CBO found that ACES would have a negligible effect on both people's energy costs as well as government's revenues. There would be a net government revenue increase of about $20 billion over ten years and it would cost the average family about $175 in yearly increases in energy costs.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
Hmmm... Take 75 million families, multiply by $175 per year times 10 years and you get $131 BILLION. And the Government gets $20 billion of that as increased revenue.
Where does the other $111 billion go? Does that go up - literally - in smoke?
It’s not as simple as that. There are more revenues and more expenses for the government. The CBO report is only four pages. It gives a fairly good explanation of how it all breaks down.
Dude, how many times are you post this?
Until everyone sees it! Duh!
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