This morning, Rep. Alexandria Ocasio-Cortez released an overview of her “Green New Deal” which threatens "a massive transformation of our society."
Below are the details of the proposal. Yes, this will clearly demonstrate the absence of education, wisdom and experience:
Rebuild every single building in the U.S.
“Upgrade or replace every building in US for state-of-the-art energy efficiency.”
Will end all traditional forms of energy in the next ten years.
The Green New Deal is “a 10-year plan to
mobilize every aspect of American society at a scale not seen since
World War 2 to achieve net-zero greenhouse gas emissions.”
Plans to ban nuclear energy within 10 years if possible.
“It’s unclear if we will be able to
decommission every nuclear plant within 10 years, but the plan is to
transition off of nuclear and all fossil fuels as soon as possible.”
Build trains across oceans and end all air travel!
“Build out highspeed rail at a scale where air travel stops becoming necessary”.
Don’t invest in new technology of Carbon Capture and Storage, just plant trees instead!
“We believe the right way to capture carbon
is to plant trees and restore our natural ecosystems. CCUS technology to
date has not proven effective.”
Mandates all new jobs be unionized.
“Ensure that all GND jobs are union jobs that pay prevailing wages and hire local.”
May include a carbon tax.
“We’re not ruling a carbon tax out, but a carbon tax would be a tiny part of a Green New Deal.”
May include cap and trade.
“…Cap and trade may be a tiny part of the larger Green New Deal plan.”
How much will it cost?
No estimate of the total cost of implementing the Green New deal is offered by Ocasio-Cortez.
However, as Ocasio-Cortez admits, “even if
every billionaire and company came together and were willing to pour all
the resources at their disposal into this investment, the aggregate
value of the investments they could make would not be sufficient.”
She does provide one estimate that the cost
to “repair and upgrade infrastructure U.S. infrastructure” alone will
cost “$4.6 trillion at minimum.”
How will it be paid for? Don’t worry about that.
Ocasio-Cortez doesn’t provide any insight
into how the trillions of dollars in spending will be paid for other
than claiming, “The Federal Reserve can extend credit to power these
projects and investments and new public banks can be created to extend
credit”.
Thank you for your comments below. God bless!