Economic suicide means more than the end of the United States as we and our parents knew it.
The “shining city upon a hill” will be gone. The beacon of freedom to the oppressed of the world that emanated from that city will no longer shine. The might to help the downtrodden achieve freedom will have evaporated.
Future generations of Americans will live in hardship, struggling to own their homes, lucky to have a job, any job, and plagued by shortages – shortages of electricity, shortages of food, shortages of nearly every amenity to which we are currently blessed.
These are the real outcomes of cap & trade legislation.
There are several cap & trade bills being considered in Congress – one has passed the House.
There are many differences between these bills but each will force the United States to reduce its emissions of CO2 to 83% below 2005 levels by 2050.
This will bring CO2 levels to where they were before the First World War.
Before WWI there were very few cars, no TVs, no power hungry computers, no fuel hungry jets carrying people around the world, no refrigerators, no air-conditioning, and few tractors to plow the fields or harvest our crops, and only basic lighting in our cities and little lighting on farms or in the countryside.
In 1914 the U.S. population was less than 100 million people, compared with our forecast population in 2050 of 420 million.
While total emissions in this country equate to 20.5 MT per person today, with population growth they will have to be reduced to only 2.5 million metric tons per person in 2050.
Think about that. How could you cut your CO2 emissions to 2.5 MT?
In addition, politicians are asking Americans to commit economic suicide even though the technologies for cutting CO2 emissions do not exist. www.carbonfolly.com has more information on the problem of how to cut CO2 emissions.
The administration is pushing to have cap & trade legislation passed this year, after the November elections. This would allow the Senate and House bills to be reconciled before the new Congress is installed in January.
The administration is very close to getting its wish, because too many Senators, Republicans included, are leaning toward establishing cap & trade.
We are at the precipice staring into the abyss.