Tuesday, February 26, 2019

Green New Deal Cost



The estimate of cost is in a range of between $55 Trillion and $93 Trillion over 10 years.
Thus, the annual cost is in a range of between $5.5 Trillion and $9.3 Trillion.
The annual federal budget in the US is $4 Trillion.
Thus, at the lower estimate of $5.5 Trillion for the Green New Deal [GND] would more than double our budget. At the higher estimate, would more than quadruple our budget.
Keep in mind too; we already have a Debt of $22 Trillion.
Below is a list of the GDP of the top Industrial Nations. Note the top which shows the World GDP is just over $80 Trillion, nowhere near $93 Trillion. GDP is the total output of goods and services in the economy. The top 10 GDP does not reach $55 Trillion.
If all the countries of the world pooled their resources, each paying their pro rata share, the World could not pay for this program.
I want to hear nothing else from this fruitcake about a Green New ANYTHING. She’s crazy and so are those even entertaining the idea; that would be the entire party of Nincompoops!



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