A new select committee report is perfectly in tune with the growing climate policy alignment on the left around standards, investments, and justice.
The committee was formed as a consequence of the changing party control of the US House of Representatives in 2108.
In 2018, just before Democrats re-took the House, Pelosi proposed reconstituting the committee. In the wake of the election, climate change activists, led by newly elected Representative Alexandria Ocasio-Cortez, demanded that the new committee have teeth — that it be charged with developing a Green New Deal. The original sit-in at Pelosi’s office, where AOC drew scads of media attention by appearing after having been elected but before being sworn in, was in part about demanding a more robust committee. Activists eventually got dozens of lawmakers to sign on to the effort.
After the initial hullabaloo, the select committee largely fell out of the headlines and got to work.
…
“We didn’t need subpoena power to do our work,” says Melvin Félix, the committee’s communications director. “People were eager to share their views on how to solve the climate crisis.”
All those consultations, hearings, and meetings have culminated in the release of the select committee’s official report and recommendations: “Solving the Climate Crisis: The Congressional action plan for a clean energy economy and a healthy and just America.”
It is the most detailed and well-thought-out plan for addressing climate change that has ever been a part of US politics — an extraordinary synthesis of expertise from social and scientific fields, written by people deeply familiar with government, the levers of power, and existing policy.
The goal of the recommendations is even stricter than the reductions called for by the IPCC.
The policies would result in net GHG’s reduced from 2010 emissions levels by 37% by 2030 and 88 percent by 2050.
Of course it claims to save money.
“The cumulative net present value of the estimated monetized annual health and climate benefits,” the report says, “are equal to almost $8 trillion (real 2018 U.S. dollars) at a 3% discount rate.”
That’s $8 trillion in savings — up to $1 trillion a year by 2050, relative to the no-policy baseline. Pretty soon you’re talking about real money.
It’s got pillars, twelve of them
- Invest in infrastructure to build a just, equitable, and resilient clean energy economy.
- Drive innovation and deployment of clean energy and deep decarbonization technologies.
- Transform US industry and expand domestic manufacturing of clean energy and zero-emission technologies.
- Break down barriers for clean energy technologies.
- Invest in America’s workers and build a fairer economy.
- Invest in disproportionately exposed communities to cut pollution and advance environmental justice.
- Improve public health and manage climate risks to health infrastructure.
- Invest in American agriculture for climate solutions.
- Make US communities more resilient to the impacts of climate change.
- Protect and restore America’s lands, waters, ocean, and wildlife.
- Confront climate risks to America’s national security and restore America’s leadership on the international stage.
- Strengthen America’s core institutions to facilitate climate action.
After detailing the plan, the article ties it into the political and electoral landscape…
For each policy, the report identifies the congressional committee with jurisdiction. What’s notable is that just about every committee in the House, from Agriculture to Natural Resources to Transportation to Financial Services to Defense, has a full menu of things to do. There is lots of work to go around.
“This is an ambitious and comprehensive plan,” says Stokes. “It shows that the committee listened to stakeholders, watched the Democratic primary carefully, and learned from climate champions like Governor Jay Inslee.”
and ends on this not unexpected note.
And so, as the select committee report illustrates in the starkest possible terms, if you want serious policy to address urgent national problems, there’s only one party offering it.
So, GND with a fresh coat of red paint, got it.
“Climate plan” & “GND”
Just another variation of :
“great leap forward :
“Ten year plan”
“five year plan”
all which killed millions in the name of utopia
Planner Parenthood a.k.a. “burdens”. Planned Parents. Planned populations. Social progress. There are precedents.
Watermelon. Green on outside, red on inside.
What is amazing is that Americans put these idiots in office,. I have an IQ of minus 3 does that mean I am a intelligent idiot ??? ( ah Democrat )
America has the most highly educated morons on the planet.
They tried that and it failed, new pile of sh*t thrown at the wall, see what sticks.
and tiny black hearts.
Nothing like creating a government framework for micromanaging everything in the country. How could that go wrong. How does one create environmental justice in agriculture and also feed the world? That’s one question they cannot answer.
Answer! They already got their answer, now they are attempting to ram it up everyone’s a$$. November is coming, they ain’t going to like what happens.
Not completely “green,” at least in the context of the greenitude of the past 50 years. The section on nuclear power is not awful. In fact, it promotes more nuclear. I was surprised to see it. It’s the sort of section that could get people attacked (physically) by environmental terrorists.
That section will be struck as it moves “forward”, that is the method which has been so successful in past. Put “good things” in to appease people, strike them quietly then put all the crap in place. “Have to pass the bill before we find out what is in it.” N. Pelosi.
What a load of old rubbish. Pure green-washed socialism.
Socialism at best, Green Totalitarianism more like it. Whenever anyone on the Left starts on about “fair” and “justice” what they mean is gimme all your money.
“Justice” means some layabout is getting a larger share of the money you break your back to earn.
Social justice is a relativistic doctrine of the Progressive Church and Pro-Choice, selective, opportunistic “secular” religion.
Social justice is an example of involuntary ‘social distancing’ of your money from your wallet.
re: social justice
Case-in-point: some, select, Black Lives Matter. #BabyLivesMatter
So they are openly admitting that there is ZERO scientific basis for their policy of up-ending the entire economy.
Oh isn’t that ever an excellent point!
These days, the word “justice” is almost as debased as “science”. And when you use capitals and put an adjective in front, they’re even worse: “Climate Science”, “Climate Justice”.
The worst thing I’ve noticed in these matters is “The people’s democratic republic of …” but science and justice are closing in.
Another is [Social, Climate] Progress is an [unqualified] monotonic function with imputed cultural baggage popularly accepted as an article of faith. #PrinciplesMatter
I”m still trying to find someone who can define the oxymoron term “climate justice’.
IF there is such a person, please let me know.
Circa 2020 fascism?
And to the above you can add the rephrased, ‘climate justification’ for the ‘by any means necessary crowd’.
That one is pretty easy. Any term placed in front of the word “JUSTICE” can be replaced with the prefix “in”. Thus “Climate Justice” can be replaced with “Injustice” with no change in meaning. Same is true of “Racial Justice”, “Economic Justice”, “Social Justice”, etc. all mean “Injustice”.
Justice is inherently an individual activity. It is based on the actions of an individual and is punished individually. ANY other use under common law is unjust or an injustice.
The term ‘climate justice’ is the warm fuzzy phrase used by alarmists to describe the UNFCCC’s policy goal of implementing re-distributive economics using climate reparations based on broken science as the means.
Social Justice is the theory that those who don’t work are morally superior to those who do work. Because of this, those who work have a right to the income of those who do.
This works until those who work decide that they want to be morally superior as well.
Those who DON’T work have a right to the income of those who do.
Sometimes single words can make a big difference.
“Social Justice” is Communism for Karens.
It’s a marketing ploy. Kind of like putting NEW AND IMPROVED in big letters on a product hoping to get people to buy it, when the only thing new and improved is the package.
“New and Improved” – This is marketing double speak. If the product is improved, then it must have existed before – therefore cannot be new!
I’ve said for years that when you put the word “Social” in front of something, that is equivalent to putting “not” in front of the same word.
Social Justice equals Not Justice
Social Science equals Not Science
I guess “Climate” has reached the same status.
“Whenever anyone on the Left starts on about “fair” and “justice” what they mean is gimme all your money.”
And give it to those who are unwilling to work.
There definitely is only one party that is offering it, ie trying to ram it down our throats.
The party pushing this nonsense is not the Republican or the Democrat party, which no longer exists, but is what the Democratic party has devolved into, i.e. a Marxist mob hell bent on destroying America because they hate Trump and those who voted for him more than then love America. The reason is because the MSM promotes hate in their attempt to mitigate being on the wrong side of the people in the 2016 election. Sadly, their hate mongering seems to be succeeding in changing public opinion which could just be the death knell for a free and prosperous America.
Evolved, and, at present, is more progressive (i.e. monotonic) than chaotic.
I would characterize the new Democratic party as devolved and regressive under the leadership of the squad. In the past, the Democrats have always been more sheep like in following their leaders which makes it appear more monotonic, while Republicans are more likely to think for themslves. I suspect that more and more Democrats will wake up from their woken unconsciousness and come to realize that their party has become the ‘hate America so lets destroy it’ party. I only hope this happens before the next election.
“Sadly, their hate mongering seems to be succeeding in changing public opinion which could just be the death knell for a free and prosperous America.”
Relentless propaganda is a powerful force, isn’t it.
I see a lot of people getting shaky after listening to the news. That is the intention of the propagandists. They want to undermine your confidence.
Just remember what happened in 2016. The polls were all against Trump and predicting Hillary was a sure winner. That didn’t happen. The Left is manipulating the polls now just like they did in 2016. Don’t believe these polls. They are polling the wrong groups, asking leading questions, and are skewing the percentages of Republicans and Democrats they poll. Republicans make up about 33 percent of the population and some of these polls only poll 20 percent of Republicans. What do you expect from a poll like that? It’s certainly not going to favor Trump or Republicans. And then you have the people who are afraid to tell pollsters they support Trump but vote for him. So there are lots of things to consider when dealing with dishonest Democrats and their Propaganda organ, the News Media.
Polls at this time are worthless anyway. We have a long ways to go until November 3, 2020. Joe China hasn’t even been challenged yet. The indictments of Obama officials haven’t been made public yet. I wonder if ole Joe China will be one of those indicted, or will they make him and Obama unindictied co-cospirators? We have a lot of events coming up in the near future that may change the picture entirely.
And then there are the debates. I think Joe China is going to fall flat on his face during the debates. The only way I can see him making even a passable performance is if he does the debate from his home, with somebody feeding him the answers in his ear. If he has to stand up on a stage by himself alone with Trump, he is toast.
If the Democrats win in November, the country is finished.
REphrased… ”When the Democrats win in November, all Hell is going ot break loose.”
I think, it is more certain.
Unfortunately, the Trump administration is too ethical to attempt a coup by interfering with the smooth transition of power, as the Obama administration did. If Biden wins in November, then the Obama administrations treasonous behavior will have succeeded. Does this now legitimize treason?
The Civil War may have decided that secession is treason.
However as the Supreme Court has proven in recent decades, no “decision” is permanent.
If “all Hell” breaks loose, the country is finished. We have a system whereby violence is avoided by accepting the results of elections, and not saying ignorant things like “He’s not MY president.” The important thing is to work to be sure that the Democrats do not win in November.
Orangemanbad is going to be re-elected in a landslide unlike any ever seen in politics anywhere, ever. And afterwards WE are going to hunt down and put down all these pasty white, college educated insurrectionists. Americans of various colors are going to lead this, they are tired of pasty white, college educated c*nts sh**ting all over them.
Clyde, the problem is that we are the only ones who feel that way. For a generation, our side has insisted on playing by Marquis du Queensboro rules, while the other side feels free to treat it as a gang war.
“If “all Hell” breaks loose, the country is finished.”
It looks to me like the Radical, Violent Left don’t have large numbers of people.
Most of the protesters after George Floyd’s death were out because of just that, while most of the destructive types were using the protests to forward an anarchist/anti-American agenda. As President Obama’s preacher, Reverend Wright, used to say to his congregation: No! No! No! Not God Bless America, but God Damn America! That is the anthem of the anti-American Americans like Barack Obama and the radical anarchists, and all the sports players that kneel during the National Anthem. They are all saying: Not God Bless American, But God Damn America. I say, God Damn anyone who says God Damn America.
What we have left on the streets today are mostly the very hardcore leftists, and their numbers are not that large, so I don’t think they pose as much of a threat as they would want us to believe. Bullies like this are tough when they have you outnumbered, but they’ll run like hell if the fight is fair. Their basically cowards and I think Trump’s 63+ million supporters can handle a few social misfits like them.
The only people who can’t handle these social misfits are Democrat Mayors and Governors.
“It looks to me like the Radical, Violent Left don’t have large numbers of people.”
And they’re still eating their own. In Seattle, Socialist Marxist City Councilmember Kshama Sawant is calling for the impeachment of Socialist Democrat Mayor Jenny Durkan. And Durkan is calling for Sawant’s removal from the council. They should both just go away.
If Trump wins – there will be violence.
If Biden wins, then we will see the indulgence of pure hate.
I’m still having trouble with it – who in their right mind would vote power to a party who’s platform is give us what we want or we’ll destroy your lives?
I guess the ‘right mind’ is the qualifier.
“If Trump wins – there will be violence.
If Biden wins, then we will see the indulgence of pure hate.”
By the same people.
If Biden wins, the right will have no reason to hold back any longer. Particularly when the only way he can win is through election fraud.
If Trump wins, hopefully he can clean up the commies through the legal system now he has a lot of conservative judges in place. But the commies will throw everything they have left at him to stop that.
Rephrased: ”There is only one party offering to ram it down everyones’ throat”. Yep, the new, shrill, all-old-people-bad, party-of-the-magnificent-sounding-feather-heads is at it again. Here, dear … a little sugar with that hemlock? Everyone’s doing it! Just say aaaaaahhhhhhh(rrrrrgggghhhh).
Cutting emissions by 37% in a decade without nuclear power and better battery technology is not technically possible without shutting down large segments of the economy, such as air travel, construction, travel by car, food production, manufacturing….pick two….or 37% of all…
Atomkraft, ja bitte.
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“People were eager to share their views on how to solve the climate crisis.”
No duh.
Ideologues, virtue-signalers, bandwagoners and assorted carpetbaggers tend to be “eager”.
People who have to work for a living weren’t invited, and wouldn’t have had time to show up if they were.
The communist manifesto goes ‘green’…. it reads like an environMentalist’s menudo recipe! Marxist tripe, simmered in the thin broth of ‘socialist justice’.
These “people” aren’t Marxists. They wouldn’t know Marxism if Karl (or Groucho) got in the shower with them. They’re parasitic kleptocrats who spout stupid slogans hoping they get the swing vote.
The difference between Marxists and parasitic kleptocrats is …?
Someone needs to “Model” the consequences of the 12 pillars to see what the outcome will be. Plenty of adjustments needed to put lipstick on this pig.
The proposal doesn’t forecast any measurable effect on climate. I wonder why?
That was the excuse, not the reason.
Hard problems will require wicked solutions. For example: selective-child (planned parenthood), cannibalized-child (Planned Parenthood), diversity (i.e. color judgments, denial of individual dignity, color blocs, color quotas), “protests” (e.g. witch trials, warlock judgments), cancellation, and redistributive change.
Why? I’m glad you asked, Eric. It’s because it’s easier to ignore/hide the truth than it is to tell people about it.
PhD scientists are brilliant but shameless. Incredible that the vast majority of them decided to make a career claiming that CO2 is the climate control knob, growing and fermenting corn to produce a transportation fuel substitute is cost effective and environmentally sound (converting a carbohydrate to a hydrocarbon replacement is backward engineering in the extreme). Equally impossible is that they seriously believe that sunshine and breezes can power a modern society. Grant seeking scientists and universities, contribution seeking democrats and willfully uniformed voters have joined together to create a certain economy destroying solution to the non-existent “climate crisis”. If anyone is wavering about how to vote in the next election the Green New Deal should “tip the scale”.
PhD, too often, means permanent head damage!
I resemble that remark, except that in my case, most of it came from drinking wonderful fine wine.
No…
BS is bull sh!t
MS is more sh!t
& PhD is piled higher & deeper
This climate scam is a deeptragedy for academia.
The grove is twisted up by tornadoes of fake science and torn up by hails of misinformation.
Heh, I guess you could say that things are looking up at our ‘higher’ centers of education.
As for the press, let me think before I type, as should they.
Such a scandal.
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“Equally impossible is that they seriously believe that sunshine and breezes can power a modern society.”
They have no idea how the power system works. How it was developed, how standards came about – they believe that ideas created with ‘good intentions’ will be more than sufficient to power what they’ve come to take for granted.
They have no idea how much they don’t know.
“PhD scientists are brilliant but shameless”
3- 4 generations ago, you had to be brilliant to get a PhD. The brilliant ones today are diluted massively by PhDs from the left side to the middle of the bell curve.
“Merit” devolved into “equal outcomes” when the left overwhelmed universities and threw the doors wide open. They found at first they had to have a first year course that gave remedial grammar, composition and math skills. When still students failed in large numbers (what did they expect?), they had to quickly invent dozens of Faculties for Dummies to match the level of capabilities of the lowest common denominators.
Of course they had to have professors and PhD programs for them. There is no standard of excellence anymore in the West. Oxford, Cambridge, the Ivy League … despite the ordering of a now meaningless ranking system, are no better than Podunk U. I would place the University of Delhi in India, Tsinghua University in Beijing, Tohoku and Kyoto in Japan, Moscow State and several others in Russia, Tel Aviv University in Israel… away ahead of the once cream of Western Universities. None of those listed would ever permit a Faculty For Dummies. And this is the main reason we are going to lose out to the “East” if we don’t replace these failed institutions.
Wasn’t it on the old Bullwinkle cartoons, they had Picayune U? And everytime it was mentioned as Pee You!
Whatsamatta U, Bullwinkle’s alma mater.
That was it! Damn memory. Picayune was a newspaper, maybe on one of those cartoons.
“PhD scientists are brilliant”
We know that, because they keep telling us.
Has that woman in the yellow dress got no idea how to safely use a step-ladder?
Never stand on the top rung, never use on soft sloping uneven ground, no spreader braces, over-reaching…….
It’s a disaster waiting to happen – how appropriate!
Where?
On the homepage link for this article!
The artwork does, though, accurately depict the quality of the thinking behind the GND scam; wishful mental masturbation.
That is a Cardinal Rule violation that would get me fired.
But then I live in the real world.
Massive step towards a totalitarian state.
At the same time as the Left is demanding to get rid of cops.
The first “Cop-less police state”?
There will be cops, it’s just that they will work for the party directly.
The “new” cops will be Federalies who don’t need no stinkin’ badges.
Masqued Mobs.
Oh no, never here!
Ever again.
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And universal surveillance in an Open Society.
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As ever, the leftists beat normal people to the punch. Defunding the police is a great diversion from the obvious defunding politicians. It’s what parasites do.
Defunding the police ??? What could possibly go wrong ???
The politicians are brain dead puppets. Green energy is a scam and Zero Emissions, 2050 is impossible, a pathetic, childlike, joke.
A Cambridge University has written a report which at least, quantifies some of the obvious, impossible to solve problems, to get to Zero Emissions. Ignoring the fact that we did not cause the CO2 rise and the CO2 rise did not cause the temperature rise.
http://www.ukfires.org/wp-content/uploads/2019/11/Absolute-Zero-online.pdf
The electrical grid power supply output must INCREASE by a factor of THREE (with zero emissions) as all heating, manufacturing, and transportation, is according to the brainless scheme going to be powered from electricity.
Cement cannot be made, with zero emissions, and there is no solution. There is no solution as to how to mine with zero emissions.
There is no solution to how to power ships or airplanes.
There is no solution as to how to construct buildings or what is going to replace plastics.
As the CO2 tax increases, the high energy materials/products/chemicals start to be manufactured in countries that do not care about CO2 emissions.
So, the carbon tax does not reduce CO2 emissions, it reduces manufacturing jobs, in the location where the tax is applied.
The green scams all fail at the point when the magic batteries are required.
Germany cheats by exporting half of their wind-based electricity to other countries who then return hydrocarbon or nuclear energy when the wind is not blowing in Germany.
https://wattsupwiththat.com/2018/12/21/germanys-green-transition-has-hit-a-brick-wall/
In 2017 about half of Germany’s wind-based electricity production was exported.
“Cement cannot be made, with zero emissions, and there is no solution. There is no solution as to how to mine with zero emissions.”
Cross laminated timber (CLT) can replace cement for structural support in many tall buildings: https://www.apawood.org/cross-laminated-timber
Energieweiner.
I like Energieweimar & Energieniener too
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Give me a break. Wood?
It is time to get real. Zero emissions by 2050 is a pathetic child’s ‘plan’. Absolutely impossible regardless of how much is spent for basic engineering and economic reasons.
How about Bridges. Make them out of wood?
Trains and planes? Make them out of wood. The greens scams are damaging the environment.
Planet of the Humans
https://www.bitchute.com/video/KQnVEMOOYuJd/
Planet of the Humans
I think Michael Moore/Jeff Gibbs changed their minds, based on what they found the reality of ‘green’ energy.
I have watched the film twice. It makes a person think.
Park what you think about climate change, that is the point of the film.
The Green Scams come across as corrupt pointless madness…… A solution that is a lie, that is causing significant pointless environmental damage with little real reduction in CO2 emissions.
A widely popular delusion and a madness of the herd; it’s pathological but may yield a modicum of herd immunity.
We can hope so at least; it’s that or the shot.
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“Give me a break. Wood?”
Hey dude, nobody said it will solve all the world’s problems- only that it can replace SOME cement. Read the site before ranting.
“Absolutely impossible regardless of how much is spent for basic engineering and economic reasons. ”
It’s not impossible.
They just have to eliminate 90% of the people and imprison the rest.
The modern left is a death cult.
Zorzin
The operative word here is “many,” not all. However, the factory buildings that manufacture CLT will invariably need concrete foundations and floors to bear the weight of the machinery. There is no way to get around the need for concrete or mining in the modern world.
Clyde, one might ask himself why were the major early historical milestones in human development named the Stone Age, The Bronze Age, the Iron Age and subsequent ‘Ages’ that took these technologies further. Our earliest ancestors distinguished themselves from the rest of the animal kingdom by emloying earth resources as an instinct for survival, having no competitive tooth nor claw nor natural armor.
That we would even question legitimacy of these natural endowments of humankind is symptomatic of the advanced deterioration of education K to PhD (now The Enlightenment, The Age of Reason, The Industrial Revolution are under full attack by people who need to be rescued from themselves.)
“under full attack by people who need to be rescued from themselves”
They would be the first to cry if they were forced back into a primitive lifestyle.
Of course- there will never be no need for concrete- it isn’t and never was and never will be a perfect world. But the CLT facility- once you’ve created it with a cement foundation- will produce a great deal of CLT to substitute for a great deal of cement. With your way of looking at things- there can never be any improvements to anything as you’ll always see the dark side.
Can it prop up wind turbines?
Is the climate in a crisis Nick?
Jay Inslee….. LMAO!
It’s arguable, but Tom Steyer might be the better comedian.
Steyer made his money in coal and his fame in bullshit, from pedigreed herds of cattle.
Tom might have had better luck with sheep.
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Really? You believe some random comedian made his fortune by mining coal and raising cattle? You got proof of that? Never heard of the f*ckstick, seems to be VERY important to you.
Laughing through the tears.
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If you’ve never heard of Tom Steyer, you haven’t been paying attention. Hint, he’s not a comedian, not intentionally anyway.
Jeff, 2hotel9 isn’t the brightest bulb. He thinks the House Democrat’s climate plan that this article clearly points out was put out by the House Democrats was somehow written and put out by the RINOs (despite his inability to name a single RINO involved). So it’s no wonder he doesn’t know who Tom Steyer is, because he clearly knows nothing about any of the US politicians or US politics in general.
There is no climate crisis … Not even a minor problem.
The climate is improving, and has been for over 300 years.
More CO2 is greening the planet.
Honest people would be celebrating.
Dumbocrats, however, have invented a fake crisis and want the political power to prevent the (fictional) end of our planet.
Only stupid people would believe a crisis is coming, and Dumbocrats (I repeat myself).
To show they are complete fools, Dumbocrats want to replace cheap, reliable fossil fuels with expensive, intermittent solar and energy power.
That makes sense … to stupid people.
Everyone alive today has faced global warming during their life — the planet has wsrmed for over 300 years.
Did anyone notice a climate crisis ?
Was anyone harmed (no one)?
Why would continued global waming suddenly be only bad news?
My climate science blog:
http://www.elOnionBloggle.Blogspot.com
These committees of do-gooders will never accomplish anything meaning and will only enslave us. And who will deal with the unintended consequences? And there will be many, and each time another bandage is plastered to the rotting corpse they will make of America until we the people have to tear it all down and start again.
“…. and will only enslave us.”
Not in the US. If they even get close, they will find out exactly what the phrase “tipping point” really means.
Jay Inslee as a role model. Almost enough said right there. Hopefully Inslee will soon be up to his ears in equal protection lawsuits along with Mayor Jenny.
I note the ten points are highly repetitive. A tough edit could cut them to three or so.
1. Take money.
2. Give money to self and cronies.
3. Bask in false metrics and propaganda.
“It shows that the committee listened to stakeholders, watched the Democratic primary carefully, and learned from climate champions like Governor Jay Inslee.”
This from the full VOX article.
Jay Inslee is a nincompoop, and just got booed off the stage in his old home district.
Continuous Improvement Thru Customer Delight
Politicians are good at perspective things. Outline a goal (keep Canada, Alaska, and Siberia frozen most of year), outline a road which does not lead there, and jail anybody who does not agree.
“Break down barriers for clean energy technologies.”
The only barrier is physics. They just don’t work.
“Invest in America’s workers and build a fairer economy.”
Is this the part where they guarantee a living wage for those who don’t want to work?
Shhhhhhh!!!
The Warmunists are busy digging their own political graves.
We should let them.
Heck, let’s hand them shovels.
Who’s betting that the NPV assessment of the net benefits of reducing CO2 levels conveniently ignores and omits the proven benefits of CO2 – namely increased crop yields and greening as well as plants’ reduced water demand in droughts?
Secondly, does this NPV assessment include for the bank charges for transferring monies into the authors’ and their like-minded colleagues’ bank accounts?
It’s socialism without the good bits. /sarc
In four months the Democrats are poised to take the Senate, House and Executive branch. There is a flood of borrowed money at stake and they KNOW IT. One way or another trillions will flow to the loyal.
It will take decades to recover.
Point well made.
However, also consider that The Pandemic has ballooned the national debt balance sheet like crazy. Those stimulus-bucks (so far) were ginned straight out of thin air. Soon to come will be the US Treasuries (paper) that’ll cover the walls of the institutional (AKA “banks, insurers, retirement annuities, corporate bondholders, billionaires, trust funds”) vaults.
However also is the uniquely self-correcting bond auction market. The antidote (or causer?) of inflation. Government spends more than it prudently should, has to print too much bond paper, sends it to auction, abusing the ‘has value’ enthusiasm of the bidders, finds it cannot meet strike price, lowering received revenue, inferring — as the investors themselves are wholly in control of — inferring higher yields. Insurance against inflation.
So… then every type of non-bond loan instrument (think ‘vehicles’, ships, boats, durable goods, houses, farm equipment, commercial properties, corporate equipment loans, structured institutional debt issuance), ALL have rising interest rates. Rising rates depress borrowing. Rising rates undermine real estate value. Rising rates lower investment in progressive technology advances.
Rising mortgages alone very likely in turn would promulgate Housing Crisis 2.0 … which would be THE albatross around the newly in-power Démocrát party. Biden wouldn’t have a clue what to do. The GND would hit the GND (ground). Just about every conceivable sector of the economy, reeling from the (I predict) still hot-and-dirty transmission of the virus, the coming swine flu version 4.0, would just be decimated by the rise in interest.
This in turn will be the sword that spills the guts of the West’s Banks. They may be “too big to fail”, but only in the same way that Fukushima’s nuclear reactors, with 4 interlocking methods of meltdown defense, turned out not to be enough for a tsunami. Tsunamis are BIGGER than the hopeful tech we humans put in place to mitigate them. Tsunami says, “right … make my day”.
My fear is that with the all-but-inevitable taking of the House, Senate and Executive by the Dems, in this postmodern era of youngsters asserting their rights to deny the equal and color-blind rights of all citizens, that the equivalent of the Great Depression is gaining ground, and growing strong roots in the youngest, most impressionable and least invested members of the public.
Which is not a good thing.
⋅-⋅-⋅ Just saying, ⋅-⋅-⋅
⋅-=≡ GoatGuy ✓ ≡=-⋅
Thirty Trillion Dollars, is not chump change rather it is chump chains.
Are we talking about real money yet?
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Chump chains…… I like it!
::grin:: on a tragedy streaked face.
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Fiat currency is fine as long as people have faith in it. They can always make more of it.
Heh Murph, poised on a high diving board over an empty pool.
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No solutions, only dreams. Wake me when they get to the solutions phase, this should be good.