Posted on 08/20/2013 6:00:52 PM PDT by Oldeconomybuyer
Three months ago, the Obama administration made a little-noticed but potentially pivotal move in the stepped-up fight against climate change: it boosted the U.S. government's official estimate of the future economic damage caused by carbon pollution.
The move should make it much easier for the EPA and other federal bureaus to enact tougher measures to crack down on emissions by showing that the greater benefits of such measures will justify their costs.
"This has all the characteristics of a stealth approach toward making a greenhouse gas rule more justifiable by exaggerating the social benefits," said Luke Popovich, a spokesman for the National Mining Association.
Even some supporters of greenhouse gas regulations or the use of carbon taxes have found fault in the opaque process in which the SCC was revised and the economic models used.
"These models have crucial flaws that make them close to useless as tools for policy analysis," wrote Robert Pindyck, an MIT economist, in an article that will appear in the September issue of the Journal of Economic Literature. He said certain "arbitrary" inputs could have a "huge" effect on the figure.
(Excerpt) Read more at reuters.com ...
When “cost” is mostly imposed by regulatory fiat, economic distortions abound.
OK!! Everybody pay attention!
Lesson for today:
1. The sun is 1,300,000 times as big as the earth.
2. The sun is a ball of fire that controls our climates.
3. The earth is a rock.
4. The earth is a speck in comparison to the size of the sun.
5. Inhabitants of the earth are less than specks.
Study Question: How do less-than-specks in congress plan to control the sun?
There, fixed it.
(PhysOrg.com) -- Sunspot formation is triggered by a magnetic field, which scientists say is steadily declining. They predict that by 2016 there may be no remaining sunspots, and the sun may stay spotless for several decades.
The last time the sunspots disappeared altogether was in the 17th and 18th century, and coincided with a lengthy cool period on the planet known as the Little Ice Age....and lasted 400 years.
Good luck surviving with no electricity and GE modified seeds.
They don't: they expect to control we the people -
Really none of this is important, didn’t you hear the really big story is the Obama’s got a new dog! How can anybody possibly waste time on Benghazi, the NSA, Terrorism, gunrunning or any other petty issue. I mean hell just think about it, they got a new dog!!!
Thanks Oldeconomybuyer.
Ok, at the count of three, everybody stop breathing!
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