Cap & Trade Could Greatly Reduce Deficit
The non-partisan Congressional Budget Office has analyzed the Waxman-Markey “cap and trade” and found that it will not only fight the catastrophic climate change of global warming, but that it will NOT add to the deficit. In fact, it will raise revenue that could greatly reduce the federal deficit.
That’s information that should published far and wide, so that Waxman-Markey gets Senate support and passes. A way to save the planet, help rebuild the economy, AND reduce the federal deficit–that’s something that needs widespread support!
UPDATE: Contrast this with the energy proposal of the House Republicans: Give away billions of more taxpayer dollars to the oil, coal and nuclear industries and draft a bill that explicity refuses to recognize the impact of global warming–even on endangered species (in defiance of Supreme Court rulings–during the Bush era– that the Environmental Protection Agency had the authority to regulate carbon-dioxide emissions as a pollutant). The Bush-era Pentagon classified both global warming AND U.S. dependence on fossil fuels as national security threats, but the Republicans still won’t do anything useful to meet the threat. The biggest threat to our nation right now? House Republicans and the desire of Democrats to be “bi-partisan” instead of just ignoring them and doing the right thing even if it gets ZERO Republican votes.
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