Archive for the ‘Economic Crisis’ Category

It is Immoral that OBAMA is “Passing the Buck” to Young People to Pay for Illegal Immigration

Sunday, July 17th, 2011

By Elois Zeanah

President Obama’s plans to legalize illegal immigration reminds me of the TV game show “Pass the Buck” which premiered in 1978:  It relied on luck, instant decisions under pressure, and players risked losing everything.  “Pass the Buck” lasted only 13 weeks and dissolved into the long-running game show, “The Price is Right”. 

Let’s hope Obama’s shortsighted vision to pass the buck to young people with illegal immigration will also fizzle and get the boot by voters, so that we can return to “The Price is Right”.  Otherwise, the same young voters who put Obama in office will ironically pay for his folly, forfeiting family income that should go to improve their quality of life to burdensome taxes to pay for the past generation’s free ride.   

Economic Impact of Passing the Buck to Our Kids and Grandkids is a Moral Issue

It is immoral to pass the buck to our children and grandchildren to pay our debt and steal their quality of life even while they are in diapers and before they grow up to earn their first pay check.  It is our duty to protect our children and grandchildren in every way – including their economic future and freedoms.

How narcissistic and reckless to force our children and grandchildren to forfeit their future family income, that should go to improve their quality of life, to burdensome taxes to pay for our generation’s free ride! 

Even as the federal government is debating NOW how to avoid an immediate debt default, we’re talking not about reducing the principal of our debt that will pass to the next generation, but about defaulting on the interest payments.  Interest payments on the U.S. debt is $29 billion a month.  There is no plan and no way in sight to start paying down the $14 trillion debt (which does not include trillions more in unfunded liabilities).

Consider the Tragedy This Generation is Forcing on Young People

Let’s face the tragedy that this generation is forcing upon our children and grandchildren by considering this scenario.  A 30-year-old daughter’s parents are retiring.  The parents have worked hard and scrimped all their lives to live their last 20 years in retirement in comfort.  After all they deserve it!  They’ve been fiscally frugal their whole lives and have sacrificed to give their children more than they had growing up.  Their children are now grown and on their own.

Now that the parents have retired, they decided their money has been reduced in value by inflation and while they can live a comfortable lifestyle in retirement, they decided they’d like to live a more luxurious lifestyle instead.  The parents have a great credit rating, so what’s stopping them?  After all, America has become an entitlement society, so why should they not have everything they want even if they can’t pay for it when so many other people do?  So they buy their dream by borrowing far beyond their means!

This Generation is Passing the Buck

In this scenario, when the 30-year-old daughter’s parents die, she expects to live a similar comfortable lifestyle as her parents, but she discovers to her dismay, her parents passed the bills for past pleasures to her.

Alarmed, she wrestles with the reality that not only will she not inherit money from her parents, or be able to have the freedom to pursue her dreams with her own money, or be able to provide for her basic needs without considerable sacrifice, or to help her children achieve more than she did or give her children the benefits equal to what she had had growing up.  Instead, she is worse off than her parents were and will have to spend almost every penny she earns to pay off her parent’s debts.  Horrified, the daughter wonders how her parents failed to see through the high-falutin’ illusion of their retirement while there was still time to change the outcome.

This is analogous to the entitlement mentality of illegal aliens and those who support them.  Illegal immigrants are not entitled to other people’s money and to put our own poor people as well as future generations at risk financially.

Today’s Young Generation will face this dilemma unless enough young people and their parents slow down the gathering storms that could overshadow the future adult lives of today’s young people.  We, the Older Generation, are the guardians of the American Dream and of our children’s well being, and it’s our responsibility to safeguard our children’s future.

How can people sleep at night and suggest that government borrow more money we don’t have?  We must pay back money hundreds of billions of dollars every year in money we don’t have to give to people who break our law; who throw the balance of our immigration law out of whack and make immigration work against us, not for us; who take money intended for the poorest among us; and who run up our indebtedness that our children and grandchildren will have to pay, while enjoying none of the benefits?

How can President Obama’s conscience allow him to continue to talk about more borrowing and more spending while passing the buck to today’s young people who will have to deal with his reckless spending?  He has in three years raised our national debt by four trillion dollars.  If he succeeds in giving amnesty (a path to citizenship) to 11 million illegal aliens, he will borrow and spend another additional trillion dollars every year forevermore — of someone else’s money:  our kids and grandkids.  This is immoral!

Illegal Immigration is an Economic and Moral Issue, Not a Racist Issue

Tuesday, May 10th, 2011

By Elois Zeanah

Why would President Obama push amnesty when debt is on a disastrous path?  Amnesty would cost taxpayers an additional $1 trillion dollars every year forevermore, according to the Center for Immigration Studies.  Currently, illegal immigration costs taxpayers $113 billion yearly.  We’re broke! Taxpayers cannot afford more taxes.  Yet protests to this preposterous timing will in all likelihood be called “racist”.

Opposition to illegal immigration is an economic and moral issue, not a racist issue.  Illegal immigration contributes mightily to the financial crises in education, entitlement programs, healthcare, and deficits.  It is immoral to further harm our financial future, and to continue to steal from our children money they haven’t yet earned.  Amnesty would do this.

Fixing the illegal immigration problem can be done through attrition in three steps: (1)  Secure the border.  (2) Remove the jobs magnet by requiring employers to use a free, fast and accurate Internet program (E-Verify) that was designed to crack down on unscrupulous employers.   (3) Remove the welfare magnet by passing U.S. House Bill 140 to end automatic birthright citizenship for children born to non-citizens.

It is immoral that U.S. birthright citizenship can be “sold”, “stolen”, or “traded”.  Foreigners can buy U.S. citizenship for their children for the price of a ticket to the U.S. or get it free by stealing over the border. Politicians could easily fix this problem.   But unfortunately politicians often trade our most cherished birthright, citizenship, for votes, campaign contributions and power.

AWOL DEMOCRATS IN WISCONSIN: What’s it all About?

Friday, February 25th, 2011

By Elois Zeanah

Why do Wisconsin Democrat politicians play hooky and run away to border states to hide out?  This prank reminds me of students who play hooky to avoid tests they know they would fail.

For the governor and legislature, the issue is about how to balance state budgets, a requirement by law.   For unions, it’s all about how to continue milking the cash cow that long ago ran dry.  Taxpayers have been unions’ cash cow and they are determined to keep milking that cow til it’s dead. 

How much do taxpayers give away to public unions?

Public-sector unions have used collective bargaining to rip-off taxpayers for years.  Union members contribute “one-fifth of a penny” on every dollar of their wages for their pensions and milk taxpayers to pay the rest.  Union members contribute “one-fourth what private-sector workers pay for health insurance.  Taxpayers, of course, are milked for the difference.[i] 

Unions have enjoyed the bounty of the cash cow.  There’s been plentiful milk, even enough to churn butter and have leftover milk for ice cream.  Unions have gotten rich stealing the fruits and living off others’ labor.  Unions feel entitled to free benefits paid by taxpayers that working families who pay for them don’t get themselves.  I rhetorically ask, “Is this redistribution of our wealth fair?”

Unions have Milked the Cash Cow Dry

After many years of negligence, the healthy cash cow has been milked dry and is now spooked.  Something’s gotta give.  The spooked cow has been roused and must protect itself from udder collapse. 

Wisconsin’s Governor Scott Walker has ridden to the rescue to protect abused taxpayers who’ve been milked to such weakness that they can no longer prop up fat unions.  Gov. Walker has taken a flyswatter to Democrat pols who act like flies and insist on swarming.  Walker is telling unions and their Dem pals that their pattern of plunder must end.  Unions can no longer live off the teat of the taxpayer and must be weaned. 

Who’s in Charge of our Political System?

Democrat politicians claim unions are America’s “working families” – when in fact unions are only a small minority of America’s workers.  These same pols insist that union entitlements must be protected through collective bargaining.  Their philosophy is that the majority of working families must bear the burden for the plump benefits for union members through higher taxes.  The fact that taxpayers are overburdened and states are going bankrupt does not faze them.  As long as unions have collective bargaining over wages, pensions and health benefits, unions, not voters control the political system.

Voters have said this has got to change.   It’s only appropriate that this change start in Madison, Wisconsin, the place where union giveaways started.  This is why the Democrat politicians of Wisconsin are playing hooky and running across the border to hide.  They aren’t up to the test that voters gave them on November 2, 2010:  to balance the budget.   


[i] Charles Krauthammer, “Getting serious about national debt,” February 25, 2011

POLS PLAY HOOKY AND CUT WORK: Teachers do too!

Thursday, February 24th, 2011

By Elois Zeanah

http://www.bing.com/videos/watch/video/playing-hooky/17wqv989v?q=playing+hooky

As Fat Albert and his gang learned, playing hooky from responsibility doesn’t always get you what you want.  As Donald stated in the “Playing Hooky” Fat Albert video, playing hooky puts a mark against you name.   Will voters (the “boss”) put a mark by the names of those who hide, flip off rules and responsibility, and set a poor example for students? 

The message disappearing Democrat pols in Wisconsin and Indiana send to students is that if you have a test you don’t like, play hooky.  If you don’t get your way in school, pout and play hooky.   If voters don’t treat AWOL politicians who play hooky from work like they treat students who play hooky from school, a new norm will be set.

Hey, hey, hey, if voters act like “parents” and hold pols accountable for playing hooky, we can get politicians who fail in their duties to disappear from capitols.  Now the idea of politicians disappearing is an idea I could warm up to.

Then there’s the conflicting message teachers, who are also playing hooky and getting fake doctor notes, send their students about bullying.   Teachers are engaging in bullying through rough-and-tumble protests.  Should they be rewarded?  What message would this send elementary students about bullying? And, hey, hey, hey, teachers are putting on a pretty good performance.  They are really good at bullying!  So much for all that anti-bullying classroom lessons.

My next article will analyze the test that Democrat politicians fear and play hooky to avoid, and why teachers take to the streets while playing hooky from classrooms and becoming hypocrites by playing the role of bullies.

JOBS: A Basketball Analogy for the President

Sunday, February 6th, 2011

By Elois Zeanah

Mr. President, your air balls on jobs are ree-jected!   It’s time to stop the jaw!  You talk, talk, talk about creating jobs but work to kill them.  You talk, talk, talk about reducing deficits but spend billions to soar them.  You talk, talk, talk about trade imbalances but do nothing to stop them. Two years and billions later, you can’t buy a basket.  Take a time out and stop the bleeding.  There’s an easier, quicker, and much cheaper way to create jobs.  It’s called drilling.

Bury the three-point shot and nail jobs, deficits, and trade imbalances – with one basket.  With drilling you can really dish the rock.  You talk, talk, talk about jobs and greenbacks green energy can yield in the future but not now.  Do you know how many millions of dollars oil gushes into U.S. coffers a day now:  $95 million.  Do you know how many trillions of dollars would flow into U.S. coffers if you unlocked America’s oil and gas reserves in the future?  An additional $1 trillion to $2 trillion.  Come on, lift the moratorium.  You can be a streaky shooter. 

You like stimulus.  Consider a stimulus that doesn’t require spending money we don’t have.  You know what happens if you open up drilling?  Fuel and energy costs will drop, sparking a stimulus of gushing revenues.  You’d really be banging in there!  Hey, you want to change your image to gear up for re-election?  Here’s your chance to be a rainbow jumper. 

But wait, we’ve just started.  When you rack up jobs and revenues, you can really sky for those rebounds.  When America pumps more oil, America imports less and sells more.  What a way to slam the trade deficit and ratchet up GDP!   See any similarity with all that green stuff you’re sticking with? 

Even if you ignore scientific evidence that global warming is Chicken Little, the simple fact is we’re stuck with fossil fuels for at least 10 years, even if you’re a lucky kind of fella with your dreaming. Why not light up the scoreboard?  Dunk one for jobs – real jobs!  Dive into America’s 100 billion barrels of untapped oil.  Dominate the boards.  That’s 10 million barrels a day for 30 years. 

Then there’s gas.  Do you know the U.S. has as much natural gas as Saudi Arabia has oil?    It’s estimated we could supply all American needs of natural gas for 100 years.  Man, you could play an up-tempo game.  Come on, it’s clear:  Future green energy and today’s oil and gas don’t match-up well size-wise.  Hey, cut the talk, talk, talk about green energy.  Put your game face on and step it up!  Create jobs, catch gushing revenues, and cut trade imbalances.  Now that would be shooting well from downtown!  Tell those refs to let ’em play, that there’s a new chant for “yes we can”:  Drill, baby, drill! 

NOTE:  This article was inspired by facts reported by Jonah Goldberg in “A Solution at Obama’s Fingertips”,  January 21, 2011.

HOW MUCH WILL OBAMA DENT FEDERAL DEBT BY CUTTING $100 M? A 2nd Year College Student Tells Us

Sunday, January 30th, 2011

By Elois Zeanah

Watch how a second year college student explains Obamanomics in 1 minute 30 seconds.  http://www.youtube.com/user/10000Pennies#p/u/9/cWt8hTayupE

ANSWER TO OBAMA’S CALL: Ways to Cut Spending

Friday, September 24th, 2010

By Elois Zeanah

President Obama’s rhetoric on the campaign trail to 2010 elections is heated.  He chastizes Tea Party groups and Republicans who rail against his historic spending and deficits, challenging them to put up suggestions to cut spending if they have them — then claiming they don’t!

Let me suggest to the President that he read some of those bills in Congress.  Many bills have been introduced this year to temper his appetite for spending and growing government.  Mr. President, read the bills! 

In addition, I suggest that the President and his advisors take a break from raising voices in partisan bickering and blame games and use their heads for thinking for a change.   A few common sense ways to trim spending follow. 

   What are some ways to cut spending and deficits?

  • Curb illegal immigration ($113 billion/year – more if amnesty is approved)
  • End earmarks (hundreds of billions/year)
  • Repeal the new healthcare bill
  • Combat fraud in healthcare ($110-$150 billion/year)
  • Reform welfare so that the “safety net” is no longer a permanent lifestyle for current and future generations (billions/year)
  • Cancel unspent TARP funds (up to $396 billion)[1]
  • Cancel unspent Stimulus funds ($266 billion)[2]
  • Reduce government employment by hiring one person for every two who leaves civilian government service until workforce is reduced to pre-Obama levels ($35 billion)[3]
  • Cut and cap Discretionary spending ($925 billion)[4]
  • Freeze government civilian pay for one year ($30 billion)[5]
  • Enact a constitutional line-item veto law ($23 billion in one year)[6]
  • Reform Fannie Mae and Freddie Mac ($30 billion)[7]
  • Create a Sunset Commission to conduct systematic reviews of federal programs and agencies and make recommendations for those that should be terminated; and automatically sunset programs unless expressly reauthorized by Congress (billions)[8]

 These examples are just a few ways of how government can reduce spending and cut deficits.  There are many, many others.   

Importantly, these suggestions alone would save over $2 trillion.


[1] H.R. 3140 introduced by Rep. Tom Price of Georgia

[2] H.R.3140 introduced by Rep. Tom Price of Georgia

[3] H.R. 5348 introduced by Rep. Cynthia Lummis of Wyoming

[4] H.R. 3964 introduced by Reps. Ryan and Hensarling & H.R. 3298 introduced by Rep. Jim Jordan

[5] Rep. Paul Ryan of Wisconsin

[6] H.R. 1294 introduced by Paul Ryan of Wisconsin

[7] H.R. 4889 introduced by Rep. Jeb Hensarling of Texas; H.R. 4653 introduced by Rep. Scott Garrett of New Jersey

[8] H.R. 393 introduced by Rep. Kevin Brady of Texas

Is ObamaCare A “Free Gift” Trinket for the Masquerade Party?

Thursday, September 23rd, 2010

By Elois Zeanah

Like a masked Mardi Gras reveler on a lavishly decorated, dream-like float, President Obama takes his show to the streets this week to whoop up ObamaCare – again!  The public didn’t line the streets to catch free trinkets he was throwing the first time around. This time will be different, Obama says.  People just didn’t understand what prizes they would receive from this extravaganza that will cost nearly $1 trillion.   Obama feels certain he can drum up a crowd to join the uproarious party he and fellow congress members have ordered for their pleasure – this time! 

Remember when House Majority Leader Nancy Pelosi screamed in delight about the surprises citizens would find inside the 2,000-plus page health care law – but they had to pass it before they could find out the wonderful gifts in store for them?   Well, the law passed and the public was finally able to break apart this piñata “gift package.”  But alas instead of gifts gushing forth that spur squeals of delight, IOUs rushed like a flood over heads of taxpayers, washing away all pretense of the faux show.

Who are these jesters that joke so?  Some are the hired actors by Obama and his Party leaders  to masquerade as fans.  Remember the buy-offs of congressmen?  Only with cash for votes in their pockets would these legislators put on disguises to join the Carnival as puppet performers.  Others are media members who “invested” in Obama and continue to prop him up to protect their “investment” in his ideology.

Will Obama succeed this time, six months after ObamaCare passed?   According to Rasmussen Reports, Gallup and CNN, between 56% and 61% of voters reject the set design and props of the Masquerade.  But Obama believes that once the public fully understand what free trinkets he’s throwing, the public will rally and line the streets, unlike last time, with trumpets of praise and merrymaking and forget that his health care reform threatens the best health care system in the world and whacks away at capitalism.  

 All it takes, Obama believes, is for voters to get the sweet taste of freebies that roll out this week and voters won’t care that ObamaCare raises not lowers health care costs as he promised; that punitive employer mandates, exploding spending estimates, fewer doctors, fewer jobs, and burdensome regulatory compliance will thwart the nation’s economic recovery not throttle it as he promised.[1]

Careful to remove all price tags from these so-called “free gifts”, Obama and his media clowns are as strangely silent as mimes about who pays for his $1 trillion takeover of the health care industry.  His health care trinkets aren’t free.  Many insurance holders will pay $5,000 to $9,000 a year more to make up for lost benefits.[2]   The very people ObamaCare was supposed to help – predominantly low-income households and minorities – will have trouble paying their medical bills.  This includes seniors and the disabled.  And according to a report published in April by the White House Medicare Office of the Actuary, “about 7.4 million people who would have been enrolled in Medicare Advantage plans in 2017 will lose their coverage completely.  Those who are able to retain their coverage will lose significant benefits.”[3]

Most masquerades are humorous.  The only stand up comedy in the ObamaCare masquerade is that the very actors they hired took their money, then peeled off their disguises and departed the false show as quick as a thief to put distance between ObamaCare and their congressional races.   Now desperate to keep his congressional majority from whittling beyond control, Obama is now reaching out to churches to preach the deception of ObamaCare that he can’t sell.  Now that’s scary and it’s not funny!


[1] The Heritage Foundation:  “Six Months Closer to Repeal,” by Conn Carroll, September 23, 2010

[2][2] Wall Street Journal Editorial “How Seniors Will Pay for ObamaCare” by John C. Goodman,

[3] Ibid.

ObamaCare: Its Costs and Consequences

Monday, September 20th, 2010

By Elois Zeanah

Did you know that individuals will have to pay taxes on the value of their insurance starting in 2011?

  • Yes – Democrats have forced this new tax on us through ObamaCare!
  • The gross income of senior citizens will go up by the amount of insurance they have.
  • Also, W-2 tax forms sent by employers will be increased to show the value of whatever insurance they provide workers.
  • Think what $15,000 or $20,000 additional gross does to your tax debt for 2011.
  • Many Americans will move to a higher tax bracket.

How will ObamaCare hurt seniors and impact medical decisions?

  • Democrats will cut over $500 billion from Medicare to pay for ObamaCare.
  • Democrats will interject government between patients and their doctors.
  • Government boards will decide what treatments would or would not be funded and a so-called “comparative effectiveness research commission” has the power to base health care on age.
  • Rationing of health care will occur:
  • Obama’s regulatory czar Cass Sustein believes the age of a person should determine the level of care one receives.  He does not consider newborns to 40 and those 65 and older as productive citizens and believes these groups should be denied priority care.
  • Obama’s health adviser Dr. Ezekiel Emanuel believes age and productivity should guide medical decisions and that allocation of medical service based on age is not discrimination.
  • Obama’s science czar John Holdren believes in compulsory abortion and sterilization.

 Do doctors/medical organizations support ObamaCare?[1]

Various physicians and medical organizations have publicly opposed this dangerous health care experiment. These include:

  •  Former presidents of the American Medical Association Dr. Donald Palmisano, MD, HC, FACS, and Dr. William G. Plested, III, MD, FACS to the Mayo Clinic,
  • The American Association of Neurological Surgeons and Congress of Neurological Surgeons
  • The Medical Society of Delaware
  • The Medical Association of Georgia

If Republicans achieve a Congressional majority, what will they do?[2]

  • Republicans will repeal ObamaCare and its costs!  Republicans have a Senior Health Care Bill of Rights.  This includes:
  • Protect Medicare and not cut it as Democrats propose to do! 
  • Prohibit government from getting between seniors and their doctors. 
  • Outlaw any government effort to ration health care based on age.
  • Prevent government from interfering with end-of-life care discussions.
  • Ensure that seniors can keep their current coverage.
  • Protect veterans by preserving TRICARE For Life and other benefit                                    programs for military families.

WAYS TO IMPROVE HEALTH CARE, CUT COSTS & REDUCE THE DEFICIT

STOP PAYING THE CROOKS

  • Reduce fraud in Medicare and Medicaid
  • Amend EMTLA to give free health care to indigent Citizens only
  • Pass TORT reform

Ø $800B/yr. wasted on fraud, defensive medicine, paperwork[3]

Ø These three MUST be done if costs are to be controlled 

GET GOVERNMENT OUT OF THE WAY

  • Allow interstate competition among insurance carriers
  • Eliminate government mandates of what insurance companies must cover
  • Find ways to make policies portable

“HANDS OFF MY HEALTH CARE” PRIVATE INITIATIVES

  • Electronic information-sharing (records, wikis, etc.)
  • Collaborative Care (e.g.:  Theda Care in Appleton, Wisconsin)
  • Incentivize good behavior (e.g.: Safeway:  obesity, exercise, smoking)

Ø   ALL can be accomplished WITHOUT government takeover 

Summary:  ObamaCare will hurt America’s seniors.  The Democrats’ health care plan, according to the CBO, will cost at least $1 trillion and still leave 36 million Americans uninsured. ObamaCare will add $239 billion to the federal deficit and raise taxes at least $800 billion.  ObamaCare is a massive intrusion into privates.


[1] Republican National Committee
[2] Republican National Committee
[3] Senator Tom Coburn, MD

Cap and Trade Climate Bill: How Will It Impact You?

Saturday, September 18th, 2010

By Elois Zeanah

Summary:  Cap-and-trade rations CO2 and will significantly increase energy costs, raise taxes and do considerably more economic harm than environmental good. The hoped-for-green-job gain is a mirage.[1] Job losses, however, are real.   In addition, global warming legislation will give bureaucrats more control over our lives; they can regulate the size of our homes, tax the mileage we drive every year, tell us how much heat and air conditioning we can use, etc.  

It will significantly roll back the quality of our lives at great cost yet without significantly lowering the world’s temperature.  Cap-and-trade is just one more way to take more of our freedoms, more of our money, and to exert more control over our daily lives. Cap and trade is a massive intrusion into the U.S. economy.

 What is cap-and-trade?

  • Regulations to limit (cap) carbon dioxide emissions from the burning of fossil fuels.
  • Companies could sell (trade) CO2 emissions allowed by the government but not used.
  • Over time, the cap would be ratcheted down, requiring more rationing and more sacrifices.

What’s the purpose?

  • To ration coal, oil, and natural gas on the American economy.
  • To increase energy costs by cutting back energy use by residents, businesses, industries

What would be the impact?

  • Costs will increase for electricity, gasoline, heating oil, natural gas and coal – as well as for food, furniture, clothing and other items we use everyday.  This includes almost everything!
  • Household energy prices will rise “29% above the business as usual prices, even though consumers will have switched to smaller cars, moved into more energy efficient houses, and made greater use of public transit.”[2]
  • In many cases, cap and trade will impact residents’ ability to put fuel in their vehicles and food on the table; and place at-risk children in even greater peril.  

Who will bear the brunt?

  • Poor and working families.  “Households would face an annual burden of roughly $144.8 billion per year with costs disproportionately borne by low-income households, those under 25 and 75 years, those in Southern states, and single parents with dependent children.”[3]  On the campaign trail, President Obama admitted that if cap and trade were to pass, utility bills would necessarily skyrocket.  
  • Workers.  Jobs will be lost and the economy will be hurt since cap-and-trade will force manufacturing jobs to China and India, where power and labor will be cheaper. 

Is new legislation necessary to curtail CO2 emissions?

  • Current laws already mandate cuts in CO2 emissions (renewable mandates, CAFE standards for fuel economy, and subsidies for ethanol production).

Will these costs and consequences result in Green Stimulus?

  • No!  Production drops despite firms being forced to adopt more energy efficient technologies and processes – despite trillions of dollars in lost income – and despite hundreds of thousands in lost jobs.
  • An EPA analysis shows that a 60% reduction in CO2 emissions will reduce world temperatures only 0.1 to 0.2 degrees – virtually no difference.  Yet cap and trade will have devastating impacts on taxes and loss of jobs.[4]

Will cap and trade raise taxes?

  • Yes! Cutting CO2 emissions by 70% creates a transfer equivalent to taxes of up to $300 billion per year, and $5 trillion in just the first 20 years.
  • This would be one of the largest taxes in the economy – almost twice as large as the highway use taxes.”[5] 

Will cap and trade impact national security?

  • Absolutely!  Less oil and gas exploration in the U.S. forces the U.S. to buy foreign sources and sets up the U.S. for potential blackmail.  The U.S. has capacity to produce enough gas to equal 50 years of imports, enough natural gas to supply all America’s households for 46 years,[6] and 200 years of available coal reserves.[7]

Why would Government ration CO2 since costs will be severe but gains negligible?

  • Ideologues refuse to face facts and persistently hold onto global warming theories that economists have repeatedly proven false.

Some states will lose more than 50% of manufacturing jobs. 

Republicans have a better plan, The American Energy Act, to provide energy independence, a cleaner environment, and more jobs at home – without tax hikes, loss of freedoms and job losses!


[1] The Heritage Foundation: “Beware of Cap and Trade Climate Bills” by Ben Lieberman, 12/6/2007

[2] The Heritage Foundation: Testimony by David Kreutzer, Ph.D. before the Energy and Commerce Committee, U.S. House of Representatives, April 22, 2009

[3] The Tax Foundation, “Who Pays for Climate Policy?” by Andrew Chamberlain, March 16, 2009

[4] Ibid.

[5] Ibid.

[6]  (Dept. of Interior estimates) The Heritage Foundation:  “Tying Our Hands on Energy,” by Ben Lieberman, 6/18/2010

[7] Our Future of Clean Coal, America’sPower.org