Waxman-Markey: Trillions in Economic Pain for No Environmental Gain

Ben Lieberman / May 06, 2009

Summer is coming and homeowners know that it costs a few dollars more to crank up the air-conditioning by setting the thermostat a degree or two cooler. Well, Washington is about to try a similar thing, only it wants to spend trillions of dollars of our money to reduce the earth’s future temperature by one or two tenths of a degree C by the end of the century.

The Waxman-Markey cap and trade bill seeks to combat global warming by forcing down emissions of greenhouse gases, chiefly carbon dioxide emitted from fossil fuels. (more…)