Posted on 06/15/2010 4:00:32 PM PDT by MissesBush
Senate authors of a controversial climate change bill heralded EPA modeling results unveiled Tuesday as proof that their plan would have a limited pinch on Americans’ pocketbooks.
Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) found many reasons to gloat after getting the 74-page study that showed the overall costs from their legislation’s major global warming provisions would cost an average household between $80 to $150 per year.
“There’ll be some people who will want to demagogue that politically, but that’s less than $1 a day,” Lieberman told reporters. “Is the American household willing to pay less than $1 so we don’t have to buy oil from foreign countries, so we can create millions of new jobs, so we can clean up our environment? I think the answer is going to be yes.”
President Barack Obama is expected to give the Kerry-Lieberman bill a big push Tuesday night during a prime time speech from the Oval Office, but the measure’s sponsors still have a big fight on their hands if they’re going to have success.
Senate Democrats are divided over whether to set up a cap-and-trade program dealing with power plants, petroleum refiners and a range of other big industries, while most Republicans see the issue as red meat headed into the mid-term elections.
Senate Minority Leader Mitch McConnell (R-Ky.) said on the floor Tuesday morning that he didn’t buy into the connection that Obama and the climate bill authors are making between their proposal and the Gulf of Mexico oil spill.
“With all due respect to the White House, the wetlands of the Bayou, the beaches of the coast, and our waters in the Gulf are far more important than the status of the Democrats’ legislative agenda in Washington,” McConnell said. “Americans want us to stop the oil spill first. And until this leak is plugged, they’re not in any mood to hand over even more power in the form of a new national energy tax to a government that, so far, hasn’t lived up to their expectations in its response to this crisis.”
EPA’s modeling of the Kerry-Lieberman bill focused on the cap-and-trade sections aimed at curbing U.S. emissions 17 percent below 2005 levels by 2020, as well as provisions in the nearly 1,000-page bill that are designed to help energy-intensive manufacturers deal with costs for compliance.
Overall, EPA predicted industries would pay between $12 and $41 in 2013 for an allowance that’s necessary for compliance with the Kerry-Lieberman bill’s greenhouse gas limits, rising to between $13 and $59 in 2020. The wide range is because of different modeling assumptions, including a company’s access to special offset projects such as helping to keep a forest standing in a developing country
EPA’s study didn’t look at provisions in the legislation to improve energy efficiency from lighting and power more vehicles from natural gas, or in spelling out in more detail when a state can open itself up to more offshore oil and gas drilling.
And the models also are limited in studying the monetary impacts associated with the scientific warnings around climate change, including more heat-related deaths and intense storms, poorer farming conditions and rising sea levels. “There are many benefits here that don’t get reflected,” Kerry said.
These DemonRats must think Americans are the dumbest people to ever live. The Carol Browner partisan nutbag, communist EPA producing a score on a bill is suppose to be credible to us?? What are horesface and droopy eyes smoking to sell this load of manure to us with a straight face??? If EPA says it will cost us $80 to $150 per year, times that by 10 to arrive at the true figure.
How much are your friends gonna make jean pierre !?
Projections !? The same type of projections they stated about obama`s deathcare that were complete fabrications !?
Fool me once...
THIS household is not willing to pay another cent in new taxes. Put that in your oil furnace and smoke it.
Right...how much will we have to pay for those with no income (welfare)? I’m assuming we will have to redistribute our wealth on this one too...
The House has already passed cap and trade. We may have a replay of Obamacare as Congress forces another Marxist agenda item down our throats. Lots of money involved for the high rollers like Goldman Sachs as there is big money in making carbon trades. What’s next? Tulip futures?
If BS modeling results are "proof" of anything, I have a solid-gold suspension bridge for sale. Only $999,999,999.99.
Well said Tommy. And I’m certainly not willing to pay another penny towards a fantasy emminating from the deranged delusions of a fat, greasy, mentally ill adulterer from Tennessee.
They lowball the cost
And overstate benefits.
What’s not to love, here?
Nobody, in or out of government, believes that once it has this authority in place, this cost will not skyrocket. Nobody, in or out of government, believes this will actually have an effect on the global environment.
It is just another excuse to take your money. Once the money is taken, it will be used for whatever the government is using money for that week. These days, it seems to be spending money mostly on enriching friends and well-wishers of the President.
In a way, I almost hope they DO pass it. It will only serve to increase GOP margins and thus improve the chances of repealing all this Legislative Feces.
There’s going to be unemployment extensions, stimulus projects, and oh yea other pork goodies in this bill.
Have they EVER estimated correctly? Here is a recent government estimate:
“Government officials Tuesday increased the estimate of oil flowing into the Gulf to between 35,000 and 60,000 barrels (1.5 million to 2.5 million gallons) per day, up to 50 percent more than previously estimated. The government’s previous estimate, issued last week, was 20,000 to 40,000 barrels per day.”
Cape Town - Winter has struck with a vengeance in the Western Cape with some towns recording their first snow falls in almost 20 years. Several mountain passes in the Southern Cape and the Eastern Cape had to be closed after heavy snowfalls. Tourists expecting sunny skies in Cape Town were greeted by snow on Table Mountain, where the temperature never rose above 1°C.Snow Storm in Wyoming middle of June, My a**
I agree. Not one more Cent.
They don’t like being told the truth. They are fools.
bump
All of the money the government takes from you is used to find more ways to take money from you.
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