Climate bill shaves $533 billion off economy (fine print alert: over a 20 period)

[jpak]

http://www.reuters.com/article/environmentNews/idUSN0642499120070806

WASHINGTON (Reuters) - A Senate bill to cut U.S. greenhouse gas emissions would raise energy prices and also reduce American economic output by more than half a trillion dollars over two decades, according to a government report released on Monday.

Congress is expected to consider climate legislation this fall that would fight global warming. Many businesses worry the U.S. economy would suffer under a measure to impose tough mandatory cuts in emissions.

One proposal, introduced by Sens. Joseph Lieberman and John McCain, would gradually reduce total U.S. emissions by the year 2050 to 60 percent below 1990 levels.

The bill would require companies to report their yearly greenhouse gas emissions and submit a matching number of government-issued allowances to equal the emissions spewed. Companies that emit more would have to buy allowances from cleaner companies that produce fewer emissions.

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That's $26.7 billion a year - and how much is ChimpCo's Great Patriotic War costing us????

[IndyOp]

1. Chimpy's war will have cost us $456 billion by 9/30/07 --

March 2003 - September 2007 = 54 months

$456 billion / 54 months = 8.4 billion per month

So the costs of Clinton's bill (which doesn't go far enough and doesn't reflect the return on our investment of making these changes) = $2.2 billion per month -- 1/4 of the expense of the Iraq occupation

The added benefit of an energy bill as opposed to a war is that AN ENERGY BILL DOESN'T CAUSE GENOCIDE.


The Cost of Iraq War calculator is set to reach $456 billion September 30, 2007, the end of fiscal year 2007. The Cost of Iraq War calculator is occasionally reset based on new information and new allocations of funding. The numbers include military and non-military spending, such as reconstruction. Spending only includes incremental costs, additional funds that are expended due to the war. For example, soldiers' regular pay is not included, but combat pay is included. Potential future costs, such as future medical care for soldiers and veterans wounded in the war, are not included. It is also not clear whether the current funding will cover all military wear and tear. It also does not account for the Iraq War being deficit-financed and that taxpayers will need to make additional interest payments on the national debt due to those deficits.

http://www.nationalpriorities.org/index.php?option=com_content&task=view&id=297&Itemid=7