Posted on 09/16/2009 5:43:51 PM PDT by Kaslin
Climate Change: A Treasury Department analysis says a cap-and-trade law could cost American families more than $1,700 a year. No wonder administrators tried to keep the study secret.
Even some of the bill's supporters had to roll their eyes at the assertion. It was a talking point intended to convince those who have not been paying attention to the legislation's severe shortcomings, not wise and experienced lawmakers who know better.
Throughout the debate, the bill's defenders said Waxman-Markey would cost "less than the price of a postage stamp per day," a small price to pay, they declared, for saving the Earth from global warming. Their evidence: a Congressional Budget Office report that estimated the cost would be $175 per household a year.
But, as is often the case in Washington, it's what they didn't say that was more important.
(Excerpt) Read more at ibdeditorials.com ...
As I said on an earlier thread, the $1700 is the average cost per family. You can bet that roughly half the population will get green eco-subsidies to cover the higher costs of their fuel, so the average cost for taxpaying families will be closer to $4000.
Its not only an economic takeover, its a huge transfer payment scheme.
The Dems better keep an eye on that “generic ballot” ... and the other eye on Nancy. They’re going to have to start making the right (and not left) decisions or they are going to become part of the unemployment problem themselves.
Nancy is delusional. Cap and trade will eliminate the last traces of manufacturing in the US.
She’s not delusional. She’s just a liar.
That is the real problem - everything that is possible to be moved off shore will be, so the real effect of the cap and trade bill will be far greater than a mere $4,000. Mexico is looking at the USA manufactuing while salivating.
Mel
Just for the hell of it, I took the estimated $668,000,000 cost of a project to remove 20% of the CO2 emitted by a 1,300 megawatt plant an did some figuring. Based on the total fossil megawattage in the US we’re looking at a $4,000 cost per person. Figure $8,000 per employed person. Depending on whether you figure per household or per family the cost is $10,000 or $12,000.
That is the apportioned cost for capital equipment added by electrical utilities. That does not include yearly operating costs. The Treasury’s estimate is ridiculous.
Treasury's estimate is probably a short-term annual estimate for the early part of the program. Like many government projects, the costs are back-end loaded for the next generation of politicians to deal with. As I recall, the original plan called for the really draconian reductions of per-capita energy consumption, back to Civil War era levels, to be finally phased in by 2050.
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