Green New “Debt”

Climate change and environmental conservation has been a topic of debate and public concern. Many lawmakers, organizations, and individuals have proposed various solutions and participated in educational outreach on the topic.

Through a political lens (it can be argued), those who lean left suggest more government programs and regulations to combat climate change. While those who lean right focus on advocating private companies and individuals to focus on the market, and policies that reduce pollution and waste, and maximize the use of resources.

In more recent news regarding climate change, US Representative, Alexandria Ocasio-Cortez proposed the Green New Deal.

The goals of the Green New Deal includes transitioning completely away from fossil fuels, decreasing the use of carbon, agriculture, transportation, and infrastructure. Additionally, enacting a federal jobs-guarantee program that pays a “living wage”.

However, the Green New Deal has been heavily criticized by Democrats, Independents, Libertarians, and Republicans.

The resolution calls for an enormous expansion of government control and would cost the US $93 trillion dollars or $600K per household.

It is not an entire surprise that renovating every building in the US to achieve maximum energy efficiency has quite the price tag. Before knocking down every building, we should figure out where in our $22 trillion deficit we are funding this endeavor. Also, let’s consider the burden this will be put on taxpayers; Can the average American give up $600K to fund the Green New Deal?

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