Fuzzy Green Math

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There’s something very strange going on with Obama’s proposed global warming tax. According to Greenwire:

"The climate program would generate nearly $650 billion between 2012 and 2019, according to Obama's proposal. About $80 billion of the climate revenues would go toward Obama's proposed middle-class tax cut each year beginning in 2012, the draft says, and the government would spend $15 billion per year on 'clean' energy technologies."

This is absurd on its face, of course: $650 billion taken in over 8 years, used in part to fund $640 billion over the same period to help ease the pain it causes, and the . . . er, remaining . . . $120 billion going for green pork, leaving us a balance of minus $110 billion.

Hey, look, the entire enterprise is premised upon make-believe, and computer models which now have been so debunked by observations that they seem obviously inadmissible in a court of law pursuant to Daubert v. Merrell Dow Pharmeceuticals (that’s from Wiki; the opinion is here).

This paints a picture rather different than the one floated earlier, of raising energy prices and rebating a portion while paying down debt — instead it's simply a new vehicle to raise revenue to pay for a permanent new welfare entitlement. Er, that is until the scheme succeeds in "bankrupt[ing]" its targets, as then-candidate Obama vowed was the purpose. [coal plants]

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