Government Excels at One Thing
Wasting taxpayers money on frivolous boondoggles. This is why they should have nothing to do with global warming “solutions”. All they’ll do is rob us blind for little or no actual result. And its over something that’s debatable, at best, anyway. But look what they’ve already done.
Last July, this column reported that the latest global warming bill — the Low Carbon Economy Act of 2007, introduced by Sens. Jeff Bingaman, D-N.M. and Arlen Specter, R-Pa. — would cost taxpayers more than $1 trillion in its first 10 years and untold trillions of dollars in subsequent decades.
This week, the EPA sent its analysis of the bill’s impact on climate to Bingaman and Specter. Now we can see what we’d get for our money, and we may as well just build a giant bonfire with the cash and enjoy toasting marshmallows over it.
For reference purposes, the current level of carbon dioxide in the atmosphere is about 380 parts per million. The EPA estimates that if no action is taken to curb CO2 emissions, the atmospheric concentration of CO2 would be 718 ppm by 2095.
If the Bingaman-Specter bill were implemented, however, the EPA estimates that CO2 levels would be 695 ppm — a whopping reduction of 23 ppm.
Like the Kyoto Treaty, little or nothing will be accomplished at the cost of trillions of dollars and who knows how many lost jobs.
Politicians love to pass laws that look like they’re doing something positive. But the only thing they accomplish most of the time is throwing more of our money away.
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