From realistic climatologist Bjorn Lomborg, writing in The Wall Street Journal this week, a jarring…
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Statistic of the Day: Going Carbon-Free Would Cost Every American $11,300 PER YEAR

From realistic climatologist Bjorn Lomborg, writing in The Wall Street Journal this week, a jarring analysis of the cost of imposing the Biden/Pelosi/Schumer/AOC carbon-free "Green New Deal" agenda for every American annually:

 

A new study in Nature finds that a 95% reduction in American carbon emissions by 2050 will annually cost 11.9% of U.S. gross domestic product. To put that in perspective: Total expenditure on Social Security, Medicare and Medicaid came to 11.6% of GDP in 2019. The annual cost of trying to hit Mr. Biden’s target will rise to $4.4 trillion by 2050. That’s more than everything the federal government is projected to take in this year in tax revenue. It breaks down to $11,300 per person per year, or almost 500 times more than what a majority of Americans…[more]

October 15, 2021 • 12:33 PM

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Amid Economic Uncertainty, Law Targeting Short Sales Would Backfire
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Quiz Question   
What is the estimated current real monthly dollar cost of inflation on basic needs to average American households?
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Notable Quote   
 
"Just as inflation can cause more inflation, one of the biggest drivers of today's budget deficits are yesterday's budget deficits. The federal government is currently spending more than half a trillion dollars a year on interest payments for money borrowed in the past -- money that already has been spent. That's more than we spend on any cabinet agency except the Department of Defense -- and the…[more]
 
 
—Kevin D. Williamson, Author and Roving Correspondent for National Review
— Kevin D. Williamson, Author and Roving Correspondent for National Review
 
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