Cap and Trade: “It’s Out of Control”
Posted August 19th, 2009 at 12.32pm in Energy and Environment.
I’m not critical of cap-and-trade. But it has to be used in a targeted and disciplined way, and what has happened is it’s gotten out of control.”
Those are the words of former Democratic Senator and current president of the United Nations Foundation Timothy Wirth, who also mentioned, “The Republicans are right — it’s a cap-and-tax bill.”
Those are strong words coming from a man who served as a climate change negotiator for the Clinton administration and during his tenure in the Senate focused on environmental issues, particularly global climate change and population stabilization.
But “out of control” is exactly how we should describe the cap and trade debate. It’s energy tax of historic proportions. The current Waxman-Markey cap and trade bill, if signed into law, will amount to $9.4 trillion of lost income, 2.5 million lost jobs, $5.0 trillion of additional national debt, and $5.7 trillion in new taxes that will buy no more than a 0.2 degree (Celsius) moderation in world temperature increases by 2100 and no more than a 0.05 degree reduction by 2050.
Cap and trade has gotten so out of control that industry opposition to this huge energy tax bill led to wheeling, dealing and arm-twisting to eke out the narrowest of majorities. They promised generous handouts for various industries and special interests but, in typical Washington fashion, they promised more money than they have.
Since healthcare is currently dominating the headlines, Many readers have been asking where cap and trade stands. As a reminder On June 26th, the House of Representatives narrowly passed a 1,427 page bill. The debate will pick up again in the Senate in the fall where control is the least likely thing we’ll see.
For more, check out The Heritage Foundation’s Rapid Response page.

August 19, 2009 Cathy Amelio, New Jersey writes:
Hail Obama, Hail Reid, Hail Pelosi, Hail the Czars! Hail Franks, Hail all in Senate and Congress! Us mindless citizens of this country need you to run our lives from birth to death. Tax us to poverty! Keep the illegal aliens here, oh get more of them and give them all the assistance they need and want! Go on, we need to be told and controlled by you to what cars to drive, how we should warm and light our homes! Those right winger teabagers just haven’t a clue as to what is being planned for the good of all! Hail the government! Our Elite gods! Hail CNN, CBS, NBC, ABC, MSNBC for telling us how great this all will be and how good this will be! Oh, praise be to God! We the mindless, the hopeless can now fill our pockets with the taxpayers money, let them house us, buy our cars, our DVD, our games! Please don’t stop until everyone in this country is unemployed, till all the evil corporations have closed down or left! Hail the Unions, Hail SEIU! Hail ACORN! We the mindless need to be taught, directed and rewarded for our dedication to the Great one in the White House, His Czars! I can’t wait till I wear a brown suit with the armband indicating my religion or the beautiful tattoo that will be on my forehead with my party affiliation all provided to me by the government! Oh I just can’t wait! The truth is just a dumb ploy by the left wing, un-American, Terrorist Americans that have no idea, those Warriors for the Republic. They actually believe that the elected officials in Washington are elected by them to represent them! Oh, please, they are just so delusional! Anyone in the beltway knows that Senate and Congress are only suppose to do the bidding of the White House! I just can’t believe that folks showing up to the Town Hall meetings think they would have freedom of speech, and that the rep is suppose to listen to them. Just sit there be quiet, let them tell you what is good for you dummy, let them tell you what you read in the bill is not what you read in the bill, you goofs are just to dumb to know. The great ones from Washing will tell you what the truth is and never mind that H.R. 3200 that they won’t read and you shouldn’t either! Remember they control Medicare, Medicaid, Social Security, WIC, Welfare, etc and look how great they are! Just remember they would never lie to anyone in American, they all pay their taxes, they don’t take advantage of their positions as elected officials! They need their limos and drivers, they need their private health care and retirement plan, they need their jets to take them to far away exotic places to protect us! Look at all the good Pelosi has done when she went to Italy with her friend to see the Pope and visit Italy! Just look at how that how helped America! Reid, building the visitor center for millions of dollars and thank God he did it has been a hot summer and those taxpayers who visit really stink and why should the members of the Senate by subjected to that!
Well I won’t belabor my remarks, but hope I gave some of you some insight to the things to come!