Ft. Lauderdale, Fl USA
House's global warming bill: $8B
By Traci Watson, USA TODAY
It will cost nearly $8 billion over the next decade to pay for the expanded federal bureaucracy needed to combat global warming under a bill passed by the House of Representatives, a report by the non-partisan Congressional Budget Office says.
The budget office also found that the House bill would shrink the federal deficit in that 10-year period because it requires businesses to buy permits to emit global-warming pollution. That would add hundreds of billions of dollars to federal coffers.
Critics of the House bill that passed in June, such as Republican Sen. James Inhofe of Oklahoma, have seized on the increased size of government to try to stir opposition in the Senate, which is scheduled to consider its climate-change bill in the fall. The bill "is full of regulations, mandates, bureaucracy and big government programs," Inhofe, the top Republican on the Senate Environment Committee, said in a speech on the Senate floor in July.
The complex bill, which runs more than 1,400 pages, assigns new tasks to at least 21 federal agencies, from the Energy Department to the Commodity Futures Trading Commission. It also creates new government programs, such as an effort to limit deforestation in developing nations.
The overall price tag: $8 billion from 2010 to 2019, according to the non-partisan Congressional Budget Office. Government agencies would charge fees in some cases, reducing the net cost to taxpayers to $7.8 billion over the 10-year period, the CBO says.
The House bill would "significantly expand agencies' workloads" by having them "undertake a variety of rulemakings, conduct studies and assessments, prepare reports, and carry out other activities," the budget office said in a June report. http://www.usatoday.com/weather/climate/2009-08-10-climate_N.htm?obref=obnetwork
Welcome to the real reason for the global warming bandwagon.
WASHINGTON (AP) — Saying global warming poses unprecedented threats to Americans' way of life, four of President Obama's top environmental and energy officials urged the Senate on Tuesday to pass legislation to reduce the pollution linked to the planet's rising temperature.
The heads of the Energy Department, Agriculture Department, Interior Department and Environmental Protection Agency told a Senate panel it should pass a bill similar to one the House narrowly cleared late last month. That legislation would impose the first limits on greenhouse gases, eventually leading to an 80% reduction by mid-century by putting a price on each ton of climate-altering pollution.
"We will not fully unleash the potential of the clean energy economy unless this committee, and the Senate, put an upper limit on the emissions of heat-trapping gases that are damaging our environment," Interior Secretary Ken Salazar said in prepared testimony. Salazar acknowledged that another Senate panel has already advanced a bill that would boost the amount of energy generated from renewable sources.
Energy Secretary Steven Chu warned that a projected temperature increase would make the world a much different place, and said the only way to avoid that outcome is by enacting legislation.
I repeat, welcome to the real reason...........
Oklahoma Sen. James Inhofe, the top Republican on the panel, predicted that Americans would feel the pinch of higher energy prices.
"You can be sure of this: once the American public realize what this legislation will do to their wallets, they will resoundingly reject it," Inhofe said. "Perhaps that explains why we are rushing cap-and-trade through the Senate."