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Cap and Tax: Government vs. America
davidlimbaugh.com ^ | 07/09/09 | david limbaugh

Posted on 07/09/2009 5:03:27 PM PDT by lancer256

There is still time to stop the legislative monstrosity known as the Waxman-Markey cap-and-trade bill before the Senate approves it. But for that to happen, Americans must learn how bad it is.

Let's briefly review the basics: The bill is ostensibly designed to curb man-caused carbon emissions (presumably without outlawing breathing) to retard global warming.

Even if we accept, for purposes of argument, the assumptions of radical, hysterical leftist environmentalists that man-caused global warming will destroy the planet if evil, rich capitalists don't radically curtail their own contributions to the catastrophe, Waxman-Markey would not prevent this Armageddon.

Climate scientist Chip Knappenberger, of New Hope Environmental Services, calculates that the bill would only reduce Earth's temperature by 0.1 to 0.2 degree Celsius by 2100. The Heritage Foundation's Ben Lieberman says he's found no "decent refutation of the assertion that the temperature impact would be inconsequential."

Unfortunately, the bill's negative impact on the economy would not be inconsequential. Lieberman says the bill would cause estimated job losses averaging about 1.15 million from 2012-2030, and the cumulative projected loss in gross domestic product would be almost $10 trillion by 2035. The national debt from this bill alone, disregarding the multiple bailouts, stimulus packages and health care "reform," would increase by 2035 for a family of four by 26 percent, or $115,000.

(Excerpt) Read more at davidlimbaugh.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: limbaugh; obama; tax; waxman

1 posted on 07/09/2009 5:03:28 PM PDT by lancer256
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To: lancer256; freekitty; unkus; flat; 2ndDivisionVet; basil; ZULU; Texas Fossil; sheik yerbouty; ...

LINES IN THE SAND:

CAP and Trade
Socialized DeathCare


2 posted on 07/09/2009 5:08:42 PM PDT by ExTexasRedhead
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To: lancer256

Those “Carbon Credits” will become the most sought after and expensive items on the trading floor. Any business man wanting to expand his product line will have to bid for credits to do so on the open market. He will be bidding against the largest corporations in the world who will naturally be able to pay more. The price of the credits and hence the price of everything will skyrocket. Its a beautiful scheme to create a monopoly environment for certain businesses and make a ton of money for the brokers who handle the contracts. Guess who will pay??? Madoff was an amateur compared to these hucksters.


3 posted on 07/09/2009 5:14:28 PM PDT by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: lancer256
Climate scientist Chip Knappenberger, of New Hope Environmental Services, calculates that the bill would only reduce Earth's temperature by 0.1 to 0.2 degree Celsius by 2100.

Really?

Is Chip in charge of solar flare scheduling?

4 posted on 07/09/2009 5:15:07 PM PDT by EGPWS (Trust in God, question everyone else)
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To: lancer256
Waxman-Markey would not prevent this Armageddon.

Waxman and Markey sh!t like the rest of us and have no say in it.

Waxman may nostril us to death but he can't save us from ANYTHING!

5 posted on 07/09/2009 5:18:11 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Don Corleone

We have an out of control government, it is the height of arrogance to think we can lead the world into flowers and love, much less global warming issues when the sun is growing hotter and cooler through the aeons..
We must stop this administration from robbing the decent folks of our country. I think if they would just shut the fu, the world would be cleaner.


6 posted on 07/09/2009 5:18:59 PM PDT by aeonspromise
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To: lancer256

But Bill O’Reilly just said he believes in global warming so it must be true (sarc).


7 posted on 07/09/2009 5:22:06 PM PDT by NoobRep
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To: lancer256

Senate delays climate bill until September
http://freerepublic.com/focus/f-news/2289214/posts


8 posted on 07/09/2009 5:25:55 PM PDT by Lorianne
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To: lancer256; rdl6989; Little Bill; IrishCatholic; Normandy; According2RecentPollsAirIsGood; ...
 


Beam me to Planet Gore !

9 posted on 07/09/2009 5:27:45 PM PDT by steelyourfaith ("The problem with socialism is that you eventually run out of other people's money" - Lady Thatcher)
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To: lancer256

...it is not so much about global warming...??? Hey, David, the sun controls our climates. No amount of legislation will control our climates.


10 posted on 07/09/2009 6:15:21 PM PDT by abclily
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