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Get ready to cough up $600K per household! Study puts price tag on Green New Deal, as Kamala and Dems poo-poo cost

February 26, 2019 | | Print Article
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Socialist congresswoman Alexandria Ocasio-Cortez’s pie-in-the-sky proposal to stave off an allegedly upcoming apocalypse and transform America into a socialist paradise would cost up to $93 trillion total or $600,000 per household within the first 10 years of its implementation, according to a new study by the American Action Network. And that’s just the financial cost of the so-called “Green New Deal.”

“The Green New Deal is clearly very expensive. Its further expansion of the federal government’s role in some of the most basic decisions of daily life, however, would likely have a more lasting and damaging impact than its enormous price tag,” the network concluded.

Guaranteeing every American a job, for instance, would cost between $6.8 to $44.6 trillion within the first decade, according to American Action Network president Douglas Holtz-Eakin, who previously served as the director of the non-partisan Congressional Budget Office.

Keep in mind that the congresswoman’s “Green New Deal” would also guarantee a universal basic income to those “unwilling to work.” It’s unclear how much that provision alone would cost. It’s also unclear why anyone would need or want a job if he or she was guaranteed an income.

The network noted that such contradictions litter the entire deal:

“[T]he GND promises to ensure that every person has a guaranteed job, a family-sustaining rate of pay, and benefits such as paid leave and paid vacations. If everyone has good pay with good benefits, why is it simultaneously necessary to provide targeted programs for food, housing, and health care?”

Good question.

AOC’s desire to implement universal health care — or “Medicare for All,” as she and her cohorts cost it — would likewise cost roughly $36 trillion in the first 10 years. Fox News notes that this tally fits in line with the one estimated by George Washington University’s nonpartisan Mercatus Center.

Over the summer the center found that Medicare-for-All would cost roughly $32.6 trillion over a period of 10 years and, worse, engender a “transformative” effect on the federal government.

“Enacting something like ‘Medicare for all’ would be a transformative change in the size of the federal government,” the center’s senior research strategist, Charles Blahous, warned.

Recall what happened the last time a Democrat politician tried to “fundamentally transform” America:

The socialist congresswoman wants to essentially finish former President Barack Hussein Obama’s fundamentally flawed mission by banning air travel, combustion-engine vehicles, nuclear energy, fossil fuel energy, meat, cow farts, etc. Why? To stave off imminent doom. Ocasio-Cortez believes the world will end in 12 years because of climate change.

In the utopia envisioned in AOC’s head, air travel would be replaced with high-speed rail. The implementation of the rail would cost between $1.1 and $2.5 trillion during the first 10 years. And in return for spending all this money, the American people would receive little in return.

“It would take decades to pay off the capital investment required for HSR, and the fuel savings that would presumably be the most important cost difference would only be a fraction of the total investment required,” the network noted.

HERE’S WHAT YOU’RE MISSING …

Meanwhile, the American people’s monthly electric bills would skyrocket by 22 percent courtesy the congresswoman’s plan to transform the power sector so that it emits zero greenhouse gases.

“With an average monthly electric bill in 2017 of $111, the average household could expect around $295 of increased annual expenditures on electricity. This scenario is likely optimistic, as it assumes no increased costs for electricity generation and storage assets resulting from dramatically increased demand, nor does it consider any growth in transmission assets,” the network found.

“Alternatively, the estimated costs could fall if storage assets could be deployed efficiently, but total costs would certainly be in the multiples of trillions of dollars range.”

The congresswoman has made it clear that such exorbitant costs don’t concern her. Despite graduating with an economic degree from Boston University, she seems blissfully unaware that costs matter. Like she stated during an event last week, all that matters is that she’s the boss.

“You know what? I don’t care anymore. I don’t care anymore,” she said at a town hall event last Friday with Girls Who Code, referencing the growing chorus of her critics. “Because again, I’m at least trying, and they’re not. So the power is in the person who’s trying, regardless of the success. If you’re trying, you’ve got all the power, you’re driving the agenda, you’re doing all this stuff.”

“So people are like oh it’s unrealistic, oh it’s vague, oh it doesn’t address this little, minute thing. And I’m like you try, you do it. Because you’re not. So until you do it, I’m the boss. How about that?”

Listen:

FYI, there have been plenty of bosses in human history who’ve driven their company into bankruptcy. Thankfully, in her case she isn’t actually the boss of anything, as noted by social media:

HERE’S WHAT YOU’RE MISSING …

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Vivek Saxena
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