Printing money/AP Photo
As the American public scrutinizes the various bills passed by the U.S. House of Representatives, the first to create a thunderous backlash was against Obama's Health Care Reform, especially the Public Option.
The climate bill, Cap and Trade, may be the next one as questions arise as to how much more debt will be incurred in funding government agencies over seeing it. And what will it cost the ordinary citizen in increased taxes.
How many billions of dollars will Congress have to appropriate to pay all for these new employees needed and where will the money come from--the American taxpayer?
The Environmental Protection Agency (EPA) that oversees pollution regulations would have to cover 7,400 facilities under Cap and Trade. How many employees would this take to also manage the 21 federal agencies?
The nonpartisan Congressional Budget Office said the government expansion would cost $8 billion over a 10-year period. So far the Senate Appropriations Committee has set aside $177 million for the trading commission's fiscal 2010 budget, 21 percent more than in the 2009 budget. If Cap and Trade becomes law, this could be just a drop in the debt bucket.
The Democrats maintain that the costs would be covered by "user fees" but won't those be passed on to the consumer in, for example, higher bills from utility companies that supply electric and gas to businesses and households?
According to the Las Vegas Review-Journal,
Recent surveys show Americans cooling to global warming, and they're even less keen on environmental policies they believe might raise power bills or imperil jobs. Those sentiments could mean a tougher road ahead for elected officials looking to fund investments in renewable power or install a carbon cap-and-trade system.
Americans are now asking their representatives how much bigger will it make the Obama government and how much it will cost each person individually-- the taxpayers and end-use that will foot the bill.
Sources:
http://www.lvrj.com/news/52828402.html
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Comments
Martha, the down-stream effect will be tremendous to consumers in everything from energy bills to plastic. It won't get funded elsewhere, so there are only negatives for consumers. The power generating companies won't absorb the losses. Once again, B-HO wants to control energy and taxpayers will end up huge losers. With China striking large scale deals with Russia and Argentine, oil is going to shoot up as supply is funneled to China. Cap and trade is a hoax perpetrated by enviro whackos and it simply doesn't make sense for the USA to take it on alone. China and India have thumbed their noses at us. So do we as taxpayers and consumers have to shoulder the debt that will not fix the so-called global warming "problem"? B-HO would seem to think so.
everyone needs to keep a close eye on this bill put up
say no to health care
say no to cap and trade
say no to card check no to unions
say no to no more bail outs
say yes to stop spending our money without a peoples vote and say so
say no to obama for even thinking turning the middle east into vietnam cop out i do not wish to see that again in my lifetime
The Congressional Budge Office?
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