Powerline takes on the Lieberman-Warner cap-and-trade climate control bill. This interesting statistic from the EPA…
The EPA estimates that by 2030 it will reduce GDP by 0.9% to 3.8%, and that is based on assumptions that appear hopelessly optimistic. Even the EPA’s assumptions contemplate an additional increase of 44% in the cost of electricity over what would occur without Lieberman-Warner.
Wait until that gets factored into the date the social security trustfund goes “broke”, currently projected as 2041.
Not to mention the most obvious conclusion…
The idea that American voters can change the Earth’s climate is folly. The danger that voters could choose to cripple our economy is, however, very real.
