Cap and Trade

You are going to hear something over the next couple of weeks about a Warner-Lieberman bill called "America's Climate Security Act of 2007". Yes, I know it is 2008, but the bill was proposed last year and what is being considered now is an amendment to that bill. What you will hear about is that this is a cap-and-trade system set up to help reduce green house gases. What this means is that they are going to put limits on industry and how much CO2 an industry can emit. This includes the power companies. Currently 50% of the country's electricity comes from clean coal sources. These would be virtually outlawed in the next few years.

Anybody see a problem with that?

In addition to killing every town that exists due to coal mining it would require the construction of "clean" power plants. The only real option for that right now, other than hydro-electric plants, is new nuclear plants. Dozens of them. While I don't think that in itself is a bad thing, the problem is that trying to build so many of them, so fast will require LOTS of money, which means... you pay more for your electricity... as does the factory down the street that is also trying to deal with producing all that it can while still being under their CO2 limit. Long story short, the supply of everything goes down, inflation goes up and energy costs go up.

Do we really need this right now?

Now the politicians will tell you that they are doing this because they love the environment and Al Gore has sold them on the idea that we are causing global warming, which is a farce to begin with, but that's a different story. But, would you like to know the REAL reason behind this bill?

I hope so.

$$$$$$$

That's right, it's all about the money and how your elected politicians can get their hands on more of it. But don't worry they are just taking it from the Big Bad Companies... who will of course have to raise their prices, while laying off workers, and/or move operations offshore where they don't have a cap-and-trade system... I think you get the idea.

So what does the Congressional Budget Office say about this bill? How much money will the government bring in due to this bill to save the environment?

CBO estimates that enacting S. 2191, as amended, would increase revenues by about $1.21 trillion over the 2009-2018 period, net of income and payroll tax offsets.

So, what do you think? Do you want your senator voting for this? Do you think businesses are going to eat 1.21 TRILLION DOLLARS worth of extra taxes?

This is what happens when we let people sell us the LIE of global warming.

This is what happens when we let politicians tell US what the right thing to do is.

OUTRAGEOUS!!!!!