CBO Ignores Economic Impact of Democrats’ Climate Bill

The Congressional Budget Office (CBO) did not calculate the economic costs of House Democrats’ massive cap and trade legislation, only accounting for how the government plans to collect and redistribute revenues from selling carbon emissions permits. The analysis, which was released June 19, shows that if Democrats’ carbon reduction schemes turn out exactly as planned, government will be able to largely mitigate the per-household financial impact of a cap and trade system by redistributing the revenues collected from businesses across the population, resulting in a net per-household cost of about $165 per year. Read full story

Pray that President Obama will seek strength in the Lord and allow Him to the correct paths.

1 Corinthians 10:13 "No temptation has seized you except what is common to man. And God is faithful; he will not let you be tempted beyond what you can bear. But when you are tempted, he will also provide a way out so that you can stand up under it."


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