Of course I had heard about this whole "cap and trade" scheme prior to now, but it seems to have mushroomed into a much bigger pile of shit than it originally was. Turns out it's just another humungus way to "spread the wealth" again. Make everybody pay through the nose for energy and give a little of that money back to the workless ones. I sure hope there are millions of people planning to do something further with the "tea party" beginnings we had back in April. We the people of this once great country had best be planning NOW to oust most of the idiots next year or there is no way we will EVER get back to any semblance of normal. Here's an article that is bound to make you want to either puke or kill someone. I will be puking myself empty as soon as I hit the "post" button.
WASHINGTON – Low-income families will receive hundreds of dollars a year to help pay higher energy bills if Congress enacts the first-ever limits on the gases blamed for global warming, according to a new analysis.
But it is unclear just how much more those families will have to pay for energy.
A Congressional Budget Office analysis of the cost of global warming legislation working its way through the House estimates that low-income families could initially receive $161-$359 in credits or rebates, if the bill becomes law. That amount could rise to $282-$628 by 2019, depending on the family's size. (redistribution of wealth)
The money would come from the government auctioning off pollution permits to companies that release climate-altering gases. The amount of permits that will be sold will increase over time and they will become more expensive, generating $846 billion from 2010-2019, the analysis says. (I'd call that a pretty good sized new tax, wouldn't you?)
The bulk of that money — $693 billion — would be given away as free permits to companies and states to ease costs. The remainder will pay for research, the energy tax credits and rebates, and a worker assistance program that will provide benefits including lost wages and health insurance to people who lose their jobs because of the limits placed on global warming pollution.
Rep. Ed Markey, D-Mass., who is sponsoring the bill along with Rep. Henry Waxman, D-Calif., called it a win-win Monday, pointing out that it could actually reduce the federal deficit by a total of $24 billion over the next 10 years. Over that decade, however, the deficit is expected to total $9.3 trillion. (those fucking idiots can't really believe that bullshit, can they?)
"The Waxman-Markey bill will get our planet out of the red, while helping to put our budget back in black," Markey said in a statement. (can he really be that stupid, or does he think we are?)
President Barack Obama has repeatedly said that any effort to control the gases blamed for global warming should provide relief to lower-income households. His budget proposal called for the auctioning of 100 percent of the permits to companies, with most of the money going to poor and middle-class families to ease higher energy prices. (I don't know who's worse, him or Al Gore)
The bill before Congress would only return revenues directly to families from the sale of 15 percent of the permits. It is unclear just how much of the additional cost in energy and other goods the resulting rebate or credit will cover.
Various studies by the federal government, universities, and think tanks have found that the average household could pay an extra $98 to $1,600 a year for electricity, gas and other goods that need energy to be produced if the government requires mandatory reductions in heat-trapping gases. Lower-income households are likely to feel the burden more because they spend a greater percentage of their income on energy.
The price increases are expected to come as companies pass on the cost of buying permits and reducing the emissions linked to global warming.
The legislation calls for a 17 percent reduction in greenhouse gases by 2020, and an 83 percent cut by mid-century. (want to reduce gases, try shutting your frigging pieholes for a change! There's your reduction in emmissions!)
It will achieve that reduction by giving away and selling pollution permits to companies operating 7,400 facilities nationwide, including power plants, refineries and factories. Those companies can then reduce pollution to meet limits, or purchase excess permits from companies that have already met the threshold.
Republicans immediately said the analysis confirmed that energy prices would rise as a result of the legislation. They also said the tax credit — which would only apply to individuals making less than $23,000 and families earning less than $42,000 — means some working-class families will be left out.
"Increasing Americans' fuel and utility bills in this recession is not only bad policy, but it completely ignores the hardships millions of Americans are already facing," said Rep. Dave Camp, R-Mich., the top Republican on the House Ways and Means Committee, which plans to take up the bill this month. "This is dangerous legislation in desperate need of closer review."
What will really happen is that everything we buy will cost more. I can't think of any product that will be imune to price increases due to either it's manufacture, or the transportation to get it here. This bill has the potential to devastate a lot of good companies and in turn, a lot of jobs.
The saddest part is that all this shit is based on that crap about man being at fault for the shift in Earth's weather patterns, something that has been happening since the beginning of time. Talk about audacity, this is "THE AUDACITY OF CHANGE" to the Nth degree.