The Green New Deal means monumental disruption

Not just for energy, but for every aspect of our lives, living standards, culture and freedoms
David Wojick and Paul Driessen
Kamala Harris co-sponsored the Senate resolution to support the Green New Deal. Now Joe Biden has endorsed the plan. Naturally, people want to know what the GND will cost – usually meaning in state and federal government spending. But that is the wrong question.
The real question is, how much do Green New Dealers expect to get out of it, at what total cost? Mr. Biden says he wants the feds to spend nearly $7 trillion over the next decade on healthcare, energy and housing transformation, climate change and other GND agenda items. But that is only part of the picture.
Representative Alexandria Ocasio-Cortez (who has a degree in some socialist version of economics) and the folks who helped her write Biden’s so-called Climate Plan have a clear idea of how much money they want, and pretty much know where they expect the money to come from. Here it is in its clearest form, as stated by Rep. Ocasio-Cortez’s then chief of staff, Saikat Chakrabarti:
“The resolution describes the 10-year plan to transform every sector of our economy to remove GHG [greenhouse gases] and pollution. It says it does this through huge investments in renewables, at WW2 scales (which was 40-60% of America’s GDP).” [emphasis added]
World War II was a time of great sacrifice and hardship, as part of a dramatic and historic mobilization to win a horrific global war. However, that hard reality doesn’t matter to these folks. They say we are now waging a war to stop catastrophic climate change. So money, sacrifice and disruption are irrelevant.
Our nation’s GDP is around $20 trillion a year, or $200 trillion in ten years. 40-60% of that is $80-120 trillion. For simplicity, let’s call it an even $100 trillion to finance the Green New Deal utopian dream.
$100 trillion! The ways and means of raising this stupendous sum are also clear in their minds. It will be done the same way WW2 was financed, however that was. To them, it’s obvious that we can simply do this, because we did it before. The specifics don’t matter. Government elites will figure them out.
But even this arrogant, cavalier attitude is only part of the picture.
If you read what Green New Dealers say, confusion arises because people think the …

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