I'm a Pundit Too

Thursday, June 5, 2008

The Warner-Lieberman Plan To Destroy Our Economy

This week the U.S. Senate began debating America’s Climate Security Act of 2007, sponsored Senators John Warner of Virginia and Joe Lieberman of Connecticut. The bill is seen as having the best chance of becoming law of all the Global Warming bills up for votes this year. Many liberal groups are lauding the measure, but are urging people to push their senators to strengthen the bill with tighter controls of carbon emissions. The Union Of Concerned Scientists is calling for an 80% reduction in carbon emissions by 2050. The current bill calls for a mere 70% reduction.

Several groups have studied the impact of Warner-Lieberman should it be passed in it’s current form and have concluded it will be disastrous for the U.S. economy. MIT’s Joint Program on the Science and Policy of Global Warming predicts that the bill will increase gas prices by nearly 30%, electricity costs will rise by more than 50%, and natural gas will cost 15% more all in less than 10 years. The Nicholas Institute for Environmental Policy Solutions at Duke University sees a $245 billion loss to the Gross Domestic Product in 2030 due to the restrictions placed on private industry by this bill.

The Warner Lieberman bill calls for a Domestic Offset Program for companies to buy carbon credits on the international emissions trading market to offset their carbon emissions above the legal limit. Carbon credits are a scam created by global warming alarmists to cash in on the hysteria they have created under the premise that mankind, specifically the United States, is causing the climate to drastically warm. It is amazing that we are supposed to believe that if we reduce our carbon emissions that it will have some magical effect on the climate. The theory completely discounts that China, whose carbon emissions far surpass ours, is not subject to any form of global warming policy to reduce their carbon emissions. It also forgets that India, whose rate of carbon emission exceeds ours, is also not part of any plan to reduce carbon emissions. The result of this bill and many others more stringent than this one will be to cripple our economy and have zero effect on the global climate. The battle cry in 10 years will be that the climate is changing, by getting colder, and we need to act now to stop it. They will enact even more asinine policies that will cost us more at the gas pump, in our electric bills, and even at the grocery or department stores.

Those who are pushing this agenda have managed to vilify any who do not believe as they do. Scientists have lost funding and been equated with Holocaust deniers. More than 31,000 scientists and climatologists recently signed a petition questioning whether human activity had any effect on the changes in climate. The debate has been declared over before the debate was ever allowed to take place. I believe we should take care of our environment, but that does not mean we should blindly jump off of this cliff of restrictions and regulations without fully understanding the truth behind any type of climate change.

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