If there were an award for the worst proposed legislation of the year, the Green New Deal, compliments of Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey, would have already locked it up, hands down. But the news keeps getting worse for this cowfart-banning, airline-destroying package of socialist nonsense. A new study from the Competitive Enterprise Institute reveals that the price tag for this insipid bill would cost the average American household at least $70,000 in its first year alone. In the first five years, it would cost those households a sum totaling more than $250,000.
Sounds like a terrific way to kill the economy, if not inspire a new American Revolution.
“The study, released by the Competitive Enterprise Institute (CEI) on Tuesday, looked at a wide swath of data to estimate how transforming the energy sector — which includes de-carbonizing transportation and retrofitting U.S. commercial and residential buildings — would affect the average household in five representative states,” reports Fox News.
“Within the first year of implementing the program, the average household in each of the given states (Alaska, Florida, New Hampshire, New Mexico, Pennsylvania) would incur at least $70,000 in expenses — followed by roughly $45,000 in annual expenses for each of the following 2-5 years and over $37,000 after that time frame,” the report continues.
While the Green New Deal, in its present form, has absolutely no chance of becoming law, it has attracted a large amount of support from within the Democratic Party. This includes many of the leftists running for the party’s 2020 nomination – even frontrunner Joe Biden, who likes to present himself as a moderate alternative to some of his progressive challengers. But these Democrats are determined to latch on to Ocasio-Cortez’s star power, win her endorsement, and prove to the base that no one can out-lefty them when it comes to climate change.
“Most provisions of the GND are so broad and open-ended that the list of potential programs necessary to implement the program is limited by the capacity of legislators to imagine a new government program,” wrote the study’s authors. “Therefore, it is impossible to calculate the whole or maximum cost of the GND. However, other parts of the GND are more precise, sufficiently so that an approximate minimum cost estimate is available.”
In other words, the outlandish per-household figure that the study arrives at is actually at the low end of what’s possible. Save the Earth, Destroy America: It’s the new Democrat motto.