According to a new study, Alexandria Ocasio-Cortez’s ‘Green New Deal’ would cost up to $93 trillion dollars, or $600,000 per American household.
The study was conducted by the American Action Forum which was lead be Douglas Holtz-Eakin who was in charge of the non-partisan CBO from 2003 to 2005.
This is what the group had to say.
“The Green New Deal is clearly very expensive,” the group said in its analysis. “It’s 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.”
The Green New Deal called for an end to all gas cars, planes, promised jobs for those who are “unwilling to work” and even called for an end to farting cows.
The American Action Forum even calculated the yearly price of guaranteed green housing, universal health care, and food security which was outlined by the deal, and they found that the cost for each household in America would be $36,100 to $65,300 every year. That would equate to over $600,000 over 10 years.
I don’t know about you, but there is no way I could afford that price tag every year.
This plan is not only idiotic, but completely unattainable.
Read what The Washington Free Beacon reported.
“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.”
Barrasso said the focus should be on innovation, rather than costly federal programs.
“Instead, we should promote innovation to reduce carbon dioxide emissions. Promising new technologies like advanced nuclear power, carbon capture, and carbon utilization hold the key to significant emissions reductions,” he said. “We can lower our emissions without crashing our economy.”
The United States is already leading the world in the reduction of carbon emissions.
In Trump’s first year in office, emissions were down by 2.7%. The only purpose of the Green New Deal is to grab attention for AOC and her far Left followers.
Check out what the American Action Forum concluded via The Washington Free Beacon.
“The Green New Deal is clearly very expensive,” the American Action Forum said. “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.”
In all, the plan would cost between $52.6 trillion and $94.4 trillion, over 10 years. The burden to the taxpayer would amount to between $361,010 and $653,010 for each household over 10 years.
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.
Taking the lead of Ocasio-Cortez, who recently suggested people should stop reproducing because climate change will end the world in 12 years, Democratic 2020 hopefuls have lined up to endorse the Green New Deal.
It’s shocking how Democrats aren’t condemning Cortez and are actually endorsing her radical ideas.
The facts speak for themselves. The Green New Deal would bankrupt our country and would have lasting negative effects on our nation.
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