More On The Enviorment

http://www.washingtonpost.com/wp-dyn/content/article/2008/05/29/AR2008052903266.html




Here is something to think about while the Senate debates a bill that will basically turn our once great nation into a model of a European slum.

Here is what the Wall Street Journal had to say about the "Cap and Trade" bill

"As the Senate opens debate on its mammoth carbon regulation program this week, the phrase of the hour is "cap and trade." This sounds innocuous enough. But anyone who looks at the legislative details will quickly see that a better description is cap and spend. This is easily the largest income redistribution scheme since the income tax."



"Sponsored by Joe Lieberman and John Warner, the bill would put a cap on carbon emissions that gets lowered every year. But to ease the pain and allow for economic adjustment, the bill would dole out "allowances" under the cap that would stand for the right to emit greenhouse gases. Senator Barbara Boxer has introduced a package of manager's amendments that mandates total carbon reductions of 66% by 2050, while earmarking the allowances."



"When cap and trade has been used in the past, such as to reduce acid rain, the allowances were usually distributed for free. A major difference this time is that the allowances will be auctioned off to covered businesses, which means imposing an upfront tax before the trade half of cap and trade even begins. It also means a gigantic revenue windfall for Congress."


Here is the good news, It wont pass...this time around. But next year will possibly bring in a new socialist era whose actions; from the way the candidates talk, would cripple the US economy and bring about such a slow down in US production that we would be totally dependent on India and China.




Have a nice day!