I don’t know about you, but I just don’t have $600,000 I can spare. I think it’s safe to say most families don’t, but if the Green New Deal ever passes, that is what it will cost you.
A study from the American Action Forum found that the Green New Deal (GND) could end up costing the country $94 trillion dollars in the first ten years alone. How bad is AOC’s GND? It’s so bad that the extremely liberal Washington Post has trashed the bill.
One of the main problems with the bill is if you go by the name, it’s an environmental bill, but many of the items in the bill are social engineering welfare.
Here are some of the main clauses:
A 10-year transition to an exclusively low-carbon energy electricity grid;
Enough high-speed rail transit available that air travel becomes unnecessary;
Guaranteeing union jobs with a family-sustaining wage, adequate family and medical leave, paid vacations, and retirement security to all people of the United States;
Universal health care;
Guaranteed housing for every American; and
Food security for every person in the United States.
The Free Beacon reports that the American Action Forum calculated guaranteed green housing would cost between $1.6 trillion and $4.2 trillion; a federal jobs guarantee between $6.8 trillion and $44.6 trillion; a net zero emissions transportation system between $1.3 trillion and $2.7 trillion; a low-carbon electricity grid for $5.4 trillion; and “food security” for $1.5 billion.
“The American Action Forum’s analysis shows that the Green New Deal would bankrupt the nation,” Sen. John Barrasso (R., Wyo.), chairman of the Senate Committee on Environment and Public Works, told the Free Beacon.
“On the upper end, every American household would have to pay $65,000 per year to foot the bill,” he said. “The total price tag would be $93 trillion over 10 years. That is roughly four times the value of all Fortune 500 companies combined. That’s no deal.”
Barrasso’s office estimates it would also skyrocket electric bills by up to $3,800 per year.