Crazy Green New Deal Proposal

This morning, Representative Alexandria Ocasio-Cortez released an overview of her “Green New Deal” which proposes “a massive transformation of our society.”
Below are the details of the proposal.
Rebuild every single building in the U.S.


Plans to ban nuclear energy within 10 years if possible.
Build trains across oceans and end all air travel!
Mandates all new jobs be unionized.
May include a carbon tax.
“We’re not ruling a carbon tax out, but a carbon tax would be a tiny part of a Green New Deal”
May include cap and trade.
“Cap and trade may be a tiny part of the larger Green New Deal plan”
A World War II-style mobilization effort to eliminate greenhouse gas emissions.
How much will it cost?
No estimate of the total cost of implementing the Green New deal is offered by Ocasio-Cortez.
However, as Ocasio-Cortez admits, “even if every billionaire and company came together and were willing to pour all the resources at their disposal into this investment, the aggregate value of the investments they could make would not be sufficient.”
She does provide one estimate that the cost to “repair and upgrade infrastructure U.S. infrastructure” alone will cost “$4.6 trillion at minimum”.
How will it be paid for? Don’t worry about that.
Ocasio-Cortez doesn’t provide any insight into how the trillions of dollars in spending will be paid for other than claiming, “The Federal Reserve can extend credit to power these projects and investments and new public banks can be created to extend credit”.
Bus as Ocasio-Cortez says, “the question isn’t how will we pay for it, but what will we do with our new shared prosperity”.


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