N.Y. Public Service Commission Chairwoman Offers Global Warming Rationalization for Taxpayer Subsidy Boondoggle
How much more in your monthly utility bill would you be happy to pay to combat global warming? Probably not much, if anything.
Unfortunately, New York state residents are being lectured that they shouldn't have any choice.
That's the upshot of a festering crony capitalist utility boondoggle cooked up by state legislators in the name of global warming alarmism, as we at CFIF detailed earlier this month.
By way of refresher, the New York Public Service Commission (PSC) approved a new "Clean Energy Standard" (CES) last month, which requires that carbon-neutral sources account for at least 50% of energy generated in the state by the year 2030. Making matters worse, CES provisions require power companies to buy Zero Emission Credits (ZECs) from a state government bureaucracy to benefit…[more]
So it's official, according to the U.S. Commerce Department: This is the worst cyclical economic recovery since World War II.
But look at the bright side: At least Barack Obama managed to double the nation's debt in just seven years and ran up the worst deficits in history achieving it.
Obama and his apologists habitually claim credit for revitalizing the economy and sparing us from the next Great Depression. It's closer to the truth, however, to say that he inherited an incipient recovery, not a recession. And his economic stewardship hasn't saved the nation's…
"Immigration drains the government, sapping as much as $296 billion a year from federal, state and local taxpayers while depressing wages, at least in the short run, according to an authoritative study released Wednesday by the National Academies of Science, Engineering and Medicine. The 500-page academic tome is supposed to be the final word about the fiscal and economic effects of mass immigration…[more]