No worries, AOC and company will just print new money
ECONOMIC APOCALYPSE: Ocasio-Cortez's 'Green New Deal' To Cost Up To $93 Trillion, $650,000+ Per Household https://t.co/u7hfk2gvR2
— Ryan Saavedra (@RealSaavedra) February 25, 2019
From the link
Bloomberg reports that Ocasio-Cortez’s far-left plan would “tally between $51 trillion and $93 trillion over 10-years, concludes American Action Forum, which is run by Douglas Holtz-Eakin, who directed the non-partisan CBO from 2003 to 2005.”
The enormous price tag, which amounts to over $650,000 per U.S. household, covers a low-carbon electricity grid, net zero emissions transportation system, guaranteed jobs, universal health care, guaranteed green housing, and food security.
“The Green New Deal is clearly very expensive,” the group noted in its analysis. “Its further expansion of the federal government’s role in some of the most basic decisions of daily life, however, would likely have a more lasting and damaging impact than its enormous price tag.”
So, that’s $65,000 per year coming from the pocket of each household. I wonder if any reporter will ask AOC, cosponsor Ed Markey, the Dems running for president who’ve endorsed the GND, as well as others about this? From the Bloomberg link
“Any so-called ‘analysis’ of the #GreenNewDeal that includes artificially inflated numbers that rely on lazy assumptions, incl. about policies that aren’t even in the resolution is bogus,” Markey said on Twitter. “Putting a price on a resolution of principles, not policies, is just Big Oil misinformation.â€
Representatives of Ocasio-Cortez, a New York Democrat, didn’t immediately respond to a request for comment.
Markey is basically saying we shouldn’t take the resolution seriously. That it means nothing. Because he knows it would be at least this expensive. Especially since he has to deflect. AOC will probably tweet about it soon or do some dumb thing from her kitchen.
(Free Beacon) “The American Action Forum’s analysis shows that the Green New Deal would bankrupt the nation,” said Sen. John Barrasso (R., Wyo.), chairman of the Senate Committee on Environment and Public Works.
“On the upper end, every American household would have to pay $65,000 per year to foot the bill,” he said. “The total price tag would be $93 trillion over 10 years. That is roughly four times the value of all Fortune 500 companies combined. That’s no deal.”
There’s a saying when talking percentages in sales: don’t like that one, cut it in half. Still don’t like it or believe it, cut that in half (there’s more to it, but, you get the point). How about forgeting the full $65k per year and consider
Electricity rates would necessarily skyrocket under such a plan. Barrasso’s office previously calculated the Green New Deal would increase electric bills by up to $3,800 per year.
Are you OK with that, Warmists? For most citizens that’s real money. That’s money that can’t be spent on food, family, vacations, and so forth.
And this right here is a conservative estimate. This right here is why Communism and socialism BANKRUPTS every country it is ever tried in.
******2020 presidential candidate Bernie Sanders on Monday night refused to call Venezuela’s disputed President Nicolás Maduro a “dictator,†saying “there are still democratic operations taking place†in the war-torn country.
Sanders’ comments in a CNN town hall came as Univision reported that anchor Jorge Ramos and his television crew were detained in Caracas following an interview with Maduro.******
The communist dictator in Venezuela arrested a reporter. Where is the outrage. It was even a Mexican reporter…Oh the Humnaity. Yawn….okay back to Trump Bashing. Bernie wont even call the spade a spade. Its bad for the brand. Hes just misguided. AS ARE ALL THOSE PUT IN CHARGE BY DICTATORIAL REGIMES such as communism.
Be AFRAD…..Be very AFRAID…..this is what the democratic party is becoming as they burn buildings and deplatform political opponents on social media whom they disagree with…and not only disagree with but even moderate democratic pundits are being threatened now. Hard core Liberals who dont toe the Hard core left line….THAT IS AUTHORITARIANISM.
NEWSFLASH- The Country is already broke.
how many trees would we have to kill to print that much money with all the new banks she would create?
you left out a zero in your headline