Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

The $93 Trillion Green New Deal

February 26, 2019 By E.J. Smith - Your Survival Guy

By red-feniks @ Shutterstock.com

A new cost estimate of Alexandria Ocasio-Cortez’s “Green New Deal” has been made, this time tallying $93 trillion in spending necessary to complete all aspects of the plan. The estimate was made by Douglas Holtz-Eakin, and the American Action Forum. The executive summary of their findings states:

The Green New Deal (GND) is a sweeping policy plan setting out ambitious objectives for energy and economic policy. The breadth of its proposals makes it daunting to assess the GND using the standard tools of policy analysis. Nevertheless, this short paper is an initial foray. We have three broad conclusions:

  • The GND’s proposed goals, “mobilization,” and specific policy projects encompass social and institutional changes far exceeding the narrow policy goals, but these changes are impossible to quantify at this point;
  • Many of the policies proposed in the GND are redundant with other aspects in it, which also complicates a precise analysis, as the interactions are difficult to predict; and
  • The GND will be very expensive – our initial estimates for the tractable aspects (best thought of as estimating the order of magnitude) are summarized below.
Summary Table(2020-2029)
Goal Estimated Cost Estimated Cost Per Household
Low-carbon Electricity Grid $5.4 trillion $39,000
Net Zero Emissions Transportation System $1.3 trillion to $2.7 trillion $9,000 to $20,000
Guaranteed Jobs $6.8 trillion to $44.6 trillion $49,000 to $322,000
Universal Health Care $36 trillion $260,000
Guaranteed Green Housing $1.6 trillion to $4.2 trillion $4,000 to $12,000
Food Security $1.5 billion $10

America simply cannot afford the Green New Deal, and Democrats were never really serious about it anyway. It is, as Nancy Pelosi called it, a “Green Dream.” The most expensive aspect of the plan is a guaranteed job, with an estimated cost per household of $49,000 to $322,000. That’s more than most American families will make in a year.

Grand centralized plans like the Green New Deal never work. Market forces will undoubtedly find better ways of accomplishing the goals set forth in the authoritarian plan that would seek to control everything from air travel to cow flatulence.

Read more from the American Action Forum’s estimate here.

Originally posted on Your Survival Guy.

Related Posts

  • Republicans “Sabotaging” Green New Deal?
  • Can America Afford the Green New Deal?
  • The Skunking of the Green New Deal
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • CATO: Global Freedom Is in Sharp Decline - January 27, 2023
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic - January 27, 2023
  • Biden Administration Destroying Retiree Fiduciary Protections - January 27, 2023

Dick Young’s Must Reads

  • The Masters of the Universe Align Themselves with CHINA Using YOUR Money?
  • To Me There Isn’t a Better Way to Live
  • Mises and Rothbard Finally Get Their Due
  • The Fed – “Independent” and “Non Political” – Joins The Resistance
  • “I’ve Got Guys Buying Guns/Ammo for Me All Through the Night.”
  • Are You Prepared to Run Out of Water?
  • Your Sheriff Can Thwart Federal Gun Control Efforts
  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • California’s Progressive Liberals Have Created a Monster
  • My Smith & Wesson Revolvers Home Defense Team

Our Most Popular Posts

  • Pfizer CEO Terrified of Real Questions About His Vaccines
  • America's Super States and Stocks that Respect YOU
  • Give Me Clean, Efficient Gas
  • How the Biden Administration Is Destroying Our Energy Infrastructure
  • The Rich Seek More from Bank Accounts
  • Artificial Intelligence Is Coming, But It's Not Quite There
  • Is Kevin McCarthy’s GOP Willing to Do What It Takes on Debt?
  • The Sound of Silence
  • Strengthen Your Defenses Against Stroke
  • Forty Years Ago, Jogging a Mile a Day and Still Going

Disclosure

RSS Youngresearch.com

  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Is Passive Investing Already Passé?
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • Can Banks Compete with Apple Pay and PayPal?
  • America’s Super States and Stocks that Respect YOU
  • Markets Are Calling the Fed’s Bluff
  • Don’t Let Your Lazy Cash Eat all Your Food

RSS Yoursurvivalguy.com

  • CATO: Global Freedom Is in Sharp Decline
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • The Rich Seek More from Bank Accounts
  • California’s Wealth Tax Will Drive Out Remaining Rich Residents
  • Political Establishment Irate over Conservative Challenges to ESG

Don’t Believe ’em. They’re Coming for Your Gas Stove

NH Republicans Favor DeSantis Over Trump By a Big Margin

CATO: Global Freedom Is in Sharp Decline

The Telling Depth of Media Propaganda and Censorship

TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic

Biden Administration Destroying Retiree Fiduciary Protections

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives