... this time about the costs of reining in man-made climate change.
Populista over at the MN Progressive Project has the article. Here are the highlights, but you will have to go to the original to see the numerous links to the sources. (The link to Populista's original article is at the end of this piece.)
...(Bachmann has been) making wild and incorrect claims to scare the American people into opposing climate action. She's thrown out a lot of figures, for example in a op-ed she wrote for the Avista Capital Partners-owned Star Tribune in which she claimed the cost of climate action would be between $3,128 and $4,000 per household. To combat climate action she's called for 'Armed and Dangerous' Opposition.
But as we learned today her fearmongering is far, far from the truth. In reality the modest climate action being considered by Congress now in the form of the American Clean Energy and Security Act (ACES) would likely cost $5 dollars a year or less per household, and that's without factoring in the negatives economic impacts of climate change that would be averted with this action.
The CBO (Congressional Budget Office) released a report about the economic impacts of H.R. 2454 (ACES) at the request of Rep. Dave Camp, a Republican from Michigan. And here's what they found: the average household would spend a minuscule amount to reduce global warming pollution. Their analysis determined "that the net annual economywide cost of the cap-and-trade program in 2020 would be $22 billion-or about $175 for the average household." To put that in perspective, 48 cents per day - a tiny bit more than the cost of a postage stamp - to avoid climate change. In fact, households in the lowest economic quintile would see an average net benefit of about $40 in 2020...
There's a lot more in this piece, including stuff about how "doing the right thing" on climate change would create jobs in Minnesota.
Link to the original article, with all the citations for the info:
http://www.mnprogressiveproject.com/postComment.do?diaryId=3436 |
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