A new study reveals the price tag for Rep. Alexandria Ocasio-Cortez’s “Green New Deal” and it’s absolutely mind-boggling.
According to Fox News, the 29-year-old New York socialist has promised that her plan will provide “free” healthcare, education, and even jobs.
However, taxpayers will be stuck footing the bill, which comes out to $7 trillion.
Here’s more from the Fox News reports:
“Next week, we plan to release a resolution that outlines the scope and scale of the Green New Deal,” Ocasio-Cortez said in the letter, adding that the country’s near-total economic transformation should take approximately ten years.
The Green New Deal proposal would lead to national net-zero greenhouse gas emissions, according to Ocasio-Cortez’s letter, “through a fair and just transition for all communities and workers,” while also generating millions of “good, high-wage jobs.” Details of the letter were first published by Bloomberg.
Through it all, the Green New Deal would additionally “promote justice and equity by preventing current and repairing historic oppression to frontline and vulnerable communities,” according to Ocasio-Cortez.
Under the draft plan, Ocasio-Cortez proposes eliminating all fossil-fuel-powered electricity. That would shutter all coal and natural gas power plants across the United States, costing hundred of thousands of jobs. Oh, and she also wants to get rid of all gas-powered cars — in 10 years.
Her plan also calls for a guarantee that every American will “get” a job, pledging to “provide all members of our society, across all regions and all communities, the opportunity, training and education to be a full and equal participant in the transition, including through a job guarantee program to assure a living wage job to every person who wants one.”
A recent study from PJ Media found that the estimated $7 trillion projected cost is painfully low, and that it could actually cost nearly $50 trillion, which would be roughly seven — SEVEN — times more than that.
According to an eye-popping PJ Media analysis based on a new report from Power the Future, the “Green New Deal” proposed by democratic socialist Rep. Alexandria Ocasio-Cortez (D-N.Y.) would cost more than 8,000 times as much as President Donald Trump’s border wall.
The “Green New Deal” will cost approximately $49.109 trillion in the first ten years, enough to fund Trump’s border wall 8,616 times over. The president is requesting $5.7 billion for the wall.
PJ Media calculated the cost of the “Green New Deal” by integrating each of the cost aspects involved in a Power the Future analysis and calculating their cost for the U.S. over about ten years — and in one case through 2050.
According to Ocasio-Cortez, the “Green New Deal” will force America to transition to an economy run from 100 percent renewable energy. Christopher Clark, a physicist who has studied rapid deployments of renewable energy, told The Hill that building this kind of generating capacity would cost “at least $2 trillion.”
Ocasio-Cortez has also called for a smart power grid to replace the U.S. power grid, an estimated cost of $338 billion on the low end ($476 billion on the high end), according to the Electric Power Research Institute. This kind of transition may be a good idea in general, but it drives up the cost of the “Green New Deal.”
All that “free” stuff Ocasio-Cortez keeps promising sure is expensive.