NY Times Lets the Cat Out of the Bag on How Costly the Green New Deal Would Be
As Senator Dianne Feinstein was throwing shadethrowing shade at a bunch of school kids telling her we need the GND (and certainly put up to this by their teachers and parents. Dianne should have asked the kids to explain the deal), the NY Times was throwing cold water on the deal
Green New Deal is technologically possible, experts say. But it will cost trillions of dollars, require expansive new taxes and federal programs, and could not be accomplished within the 10-year timeframe that supporters say is necessary. https://t.co/afWa9gOK45
— NYT Climate (@nytclimate) February 21, 2019
From the link
President Trump derided the Green New Deal as a “high school term paper that got a low mark.” Congressional Republicans mocked it as “zany.” Even Nancy Pelosi, the Democratic House speaker, called the proposal a “green dream,” and some of the party’s 2020 candidates are starting to describe it as merely aspirational.
Yet, despite that disdain, the goals of the far-reaching plan to tackle climate change and economic inequality are within the realm of technological possibility, several energy experts and economists said in recent interviews.
Getting there will cost trillions of dollars, most agreed, and require expansive new taxes and federal programs. It certainly could not be accomplished within the 10-year time frame that supporters say is necessary, according to these experts.
The Green New Deal, in other words, is an exciting idea for many liberals and an enticing political target for conservatives. But, most of all, it is an extraordinarily complicated series of trade-offs that could be realized, experts say, with extensive sacrifices that people are only starting to understand. (snip)
Replacing [fossil fuels] with sources that do not emit greenhouse gasses will cost trillions of dollars; potentially increase energy costs for millions of families; and entail federal intervention in swaths of the economy, like transportation, where there is already a mixed record of government success. Republican critics gleefully noted last week that California’s Democratic governor scaled back a state-owned bullet train linking San Francisco and Los Angeles because of costs. (snip)
The plan does not include a cost estimate, though it presumably would require massive new government spending and disrupt existing jobs and industries.
So, unsustainable levels of spending, which will necessitate an enormous increase in taxes, coupled with a massive increase in the size of Government, with citizens losing huge amounts of liberty, not too mention the government taking over huge amounts of the economy. Which would cause massive economic trouble, including job losses, which will supposedly be replaced by new jobs. Or the whole “government will pay you if you don’t want to work thing.”
But environmental activists said the details and hurdles are less important than the broad ambition of the plan, which proposes a national mobilization with the scale and urgency of the original New Deal.
Wishful thinking is not a plan. You may be able to get away with not having a plan when you go shopping, but having nothing more that some feelings for the GND, which would be incredibly more intrusive than Obamacare is a recipe for a disaster. Well, it’s a recipe even before you get to thinking about “how will they do this?”
Source: https://www.thepiratescove.us/2019/02/23/ny-times-lets-the-cat-out-of-the-bag-on-how-costly-the-green-new-deal-would-be/
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