I’m guest posting over at WeekendPundit – just put this up:
DCE noticed that I had been blogging about the latest step into socialism / fascism, the Waxman / Markey Tax and Pay, die deaths by regulation Cap and Trade here. Well, here’s a little more, courtesy of The Heritage Foundation:
- Reduce aggregate gross domestic product (GDP) by $7.4 trillion,
- Destroy 844,000 jobs on average, with peak years seeing unemployment rise by over 1,900,000 jobs,
- Raise electricity rates 90 percent after adjusting for inflation,
- Raise inflation-adjusted gasoline prices by 74 percent,
- Raise residential natural gas prices by 55 percent,
- Raise an average family’s annual energy bill by $1,500, and
- Increase inflation-adjusted federal debt by 29 percent, or $33,400 additional federal debt per person, again after adjusting for inflation.
So, what’s the quick take away? Ideology trumps common economic sense. And as I pointed out before, all of these Trillions of dollars will result in a lowered temperature of 0.07 degrees C.
Yup, that a bang for the buck!
- Look at your Electric Bill – double it – now thank Congress!
- $3.50 / gallon for gas. Again, food or gas? Thank Congress!
- $100 more / month for heat (I live in NH, it WILL be more) instead of a week away on vacation – thanks Congress!
Remember – Congressmen and Senators have all voted themselves pay raises such that they are among the top 5% of Americans. ON OUR TAXES! You think that these higher prices worry them? Of COURSE not!
Greedy Politicians who believe they know better than you do in how to run your life – and manage your pocketbook.
That’s freedom?
Thanks Congress!
(H/T: RedState)
