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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (21363)	5/20/2010 8:34:40 AM
From: SliderOnTheBlack	8 Recommendations Read Replies (1) \| Respond to of 50400

For any useful idiots who still think Cap & Trade has anything to do with the environment... Governments Using "Cap and Tax" Carbon Permit Sales to Fix Budget Woes by Jim Kelly Tuesday, May 11, 2010 globalgovernancewatch.org Facing economic collapse from crushing debt levels attributable to stagnant economic growth, bloated government-run welfare programs, and unfunded public sector wage, benefits, and pension obligations, European Union ("EU") nations desperately need a new source of revenues. For the EU, the proceeds from the auction of carbon emission allowances to businesses, the cost of which the businesses can pass along to their customers, represent a form of tax revenues that EU member states can use to support struggling European national economies and lessen or postpone the negative impacts of the politically difficult economic transformations. Unfortunately, as the EU looks forward to the third phase of its Emissions Trading System ("ETS"), during which its member states will be able to auction off even more carbon permits, it need only look to the states of New York and New Jersey for inspiration on the use of auction proceeds to sustain runaway government spending... "...the states of New York and New Jersey have raided their carbon auction funds to address general state budget deficits." Both states participate in carbon emission permit auctions as members of the Regional Greenhouse Gas Initiative ("RGGI"), a cap and trade market in which ten states in the Northeast participate for the purpose of conducting quarterly auctions of permits allowing power plants to emit CO2. In December 2009, New York lawmakers approved taking $90 million raised from selling carbon dioxide permits and putting it toward a $2.77 billion plan to shrink the state's $3.16 billion budget deficit. In March 2010, New Jersey moved $65 million from auction proceeds that were being held in New Jersey's Global Warming Solutions Fund to its General Fund." =========== Can America really be this damn stupid to fall for a con artist bankster-gangster front by the name of Al Gore, who has been a serial lying, self-agrandizing, megalomaniac narcissist his entire life? Billions in new taxes for us, and billions in profits for them from insider deals and a monopoly on carbon trading. One giant Lootapalooza ~ SOTB