Off The Editor’s Desk – 2-13-2019
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Remember a few years ago Congress passed a law that mandated that car companies manufacture cars that got great gas mileage. Now would you say that, that was not a good thing? But what happened? Those nice big cars became just a cracker box that the American public would not purchase, so they instead went for large pickups and SUVs.
Now here comes another proposed government program to be shoved down our pie hole. In a letter to her colleagues in Congress, freshman congresswomen Alexandria Ocasio-Cortez (D-NY) said that she was ready to unveil her “Green New Deal.”
If you are old enough to remember Franklin Roosevelt’s “New Deal” back in the 1930s, it was the first time, that the populist was given access to the federal treasury. And, we have been in debt ever since.
Cortez’s “New Deal” would attempt to bring the U.S. to a zero-net carbon emission within the next ten years.
If you like your car or truck, you will not get to keep it. The same goes for your boat, snowmobile, lawn mower or any other machine that is powered by the internal combustion engine. I don’t know how this bill would address the gasses produced by farm animals?
According to the Huffington Post, “After calls for a Green New Deal electrified a long-stagnant debate on climate policy, the Democratic lawmakers released the six-page document outlining plans to cut global emissions 40 to 60 percent below 2010 levels by 2030 and neutralize human-caused greenhouse gases entirely by 2050.
“The resolution stakes out a ten year national mobilization plan to build smart grids and rapidly increase the share of American power generated from solar and wind from 10 percent today to as close to 100 percent a possible over the next decade.”
Now a draft bill released by Ocasio-Cortez, the New York Democrat, the proposed funding is, $7 Trillion over the life span of the bill.
Now, if you can understand the funding of her program, you are a lot better prepared in finances than I am, here is what she proposes: “Using a combination of the Federal Reserve, a new public bank or system of regional and specialized public banks, public venture funds and such other vehicles or structures that the select committee deems appropriate, in order to ensure that interest and other investment returns generated from public investments made in connection with the plan will be returned to the treasury, reduce taxpayer burden and allow for more investment.
“Among the goals pursued by the bill: net-zero greenhouse gas emissions, the production of millions of good, high-wage government jobs,’ and the promotion of ‘justice and equity by preventing current and repairing historic oppression to frontline and vulnerable communities.”
The above information came from “The Mad Patriots” in a story headlined, “We’re Really Going to Let This Socialist (word deleted) Design Our Economic Collapse?”
There you have it, the left wing liberals are taking control of the Democratic Party, but isn’t that what the party stands for?
The bill explains that it will create high paying government jobs, so the few of us that are left to pay the taxes will have to fund those high paying government jobs.
Thanks for reading! ~Carlton