Digital Diatribes

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Archive for the ‘Cap and Trade’ Category

The Real Cost of Cap and Trade

Posted by The Diatribe Guy on September 16, 2009

There is a lot of stuff flying around for and against the Cap-n-Trade Scheme that dares to lurk as a possibility for enactment. So, what do the internal goverment memos say about it? I’ve heard it won’t really cost anything. And it’s green. If it’s green, it must be good, right? Yeah. We like green. Go into a store now and you’ll find green everything. It’s green because batteries last 10% longer, or because it used 5% less energy. It’s green because it’s made with 10% recycled plastic. We just moved into a new corproate office not long ago, and I’m pleased to let everyone know that it’s green. Ironically, they damn A/C is always on too high, and I’m one of the few who seems to think it’s a waste of energy, even though I’m not really a “greenie” because I don’t buy into global warming.

But I digress.

In a Washington Times article we get the scoop, thanks to the Freedom of Information Act:

Officials at the Treasury Department think cap-and-trade legislation would cost taxpayers hundreds of billion in taxes, according to internal documents circulated within the agency and provided to The Washington Times.

Huh. Go figure. Who’d have thought that this might actually cost us money? Read the rest of this entry »

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