Their math doesn’t even add up. Since when is $122 Billion half of $1 Trillion?
Note in the article: "Such a tax would generate approximately $88 billion in 2012, rising to $144 billion by 2020, the report said, slashing U.S. debt by between 12 and 50 percent within a decade, depending on how high the deficit climbs."
THEY've done their math, by 2020 when carbon tax reaches $144 billion, it will be half of the US Debt. Along with the completely wrecked economy.
But that would not be our biggest problem in that situation then, would it?