Jasmin Chua on Cap and Trade

According to a recent report from the U.S. Budget Office, the climate bill will actually end up curbing the budget deficit, instead of putting us deeper in the hole as critics insist. Cap-and-trade legislation, as reported by Bloomberg News, would raise $846.6 billion. Deduct the added $821.2 billion to federal spending and you still have a $24.4 billion net gain, which is a win-win all around. And this spending includes what are essentially cash allowances to factories and polluters. If this legislation passes, we could see greater energy efficiency, less pollution, and a growing sector of domestic green-collar jobs that will boost a flagging economy.

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2 Responses to “Jasmin Chua on Cap and Trade”

  1. Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon.

  2. Interesting blog. Wasn’t sure the government had grant money left to give out.

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