The climate change bill soon to be voted on is ridiculously awful. Jim Manzi explains why:
It would be a terrible deal for American taxpayers. According to the Environmental Protection Agency, it is projected to impose annual costs of about $1,100 per household (a little less than 1% of total consumption) by 2050. The benefits we will get in return? If the law works precisely as intended, in about one hundred years we should expect surface temperatures to be a about one-tenth of one degree Celsius lower than they otherwise would be. The expected costs are at least ten times the expected benefits, even using the EPA’s cost estimates and assuming achievement of the primary goal of the legislation.
Rep. Tim Griffin, R-Ark., has one more year in Congress before he plans to retire, but he thinks that more than enough time to build on the significant achievements of the Class of 2010. Three years a. […]
President Obama visited a D.C. charitable organization called Martha’s Table to highlight the volunteer work of many furloughed government employees during the recent government shutdown. And yet, t. […]