The cost of absurd global warming legislation.

I thought you might like to know what even moderate climate legislation will cost you. Keep in mind that they will be implementing these costs in a time when America’s standard of living is declining because of our massive debt and we will probably be in an extended depressive time due to our population imbalance - (the baby boomer’s will all retire, scale down and there will be less GDP at least when adjusting for inflation.)

So yeah the Lieberman-Warner bill is absurd but it will probably pass because most people are now out of touch with reality, and yeah you can expect a standard of living much like those in Mexico in the future, and yeah you will deserve it if you do not do something about the passage of this bill that tries to fix a global warming problem that does not even exist at your expense.

Climate-control absurdity

So how would Lieberman-Warner affect our economy? Start with something we can all relate to: personal income. Under the bill, income in the U.S. would drop significantly, starting in 2012, from a decline of more than $30 billion that year to $121.9 billion in 2016. Or, to put it another way: All other things being equal, by 2016, the annual household income for a family of four would fall by $1,494 – about what that family pays now for two months of food.

Gross domestic product would start to take a nosedive in 2012 as well. By 2030, GDP would be $436 billion less than it would be if the bill hadn’t become law.

Energy prices would spike, too. Heating oil would go from $2,120 annually per household in 2012 to $2,728 by 2030. Over the same period, electricity would rise from $1,213 per year to $1,860, and natural gas would go from $1,090 to $1,393. By 2030, the Heritage researchers write, “the total energy bill for the average American consumer has gone up $8,870.”

How would Lieberman-Warner affect employment? The Heritage analysis shows that annual job losses exceed 500,000 before 2030 and could approach 1 million. Factory jobs would decline sharply; we’d lose 2.3 million jobs in durable-goods manufacturing in 2029 as the changes forced the economy rapidly away from that sector.