Ocasio-Cortez's "Green New Deal" Would Cost $93 Trillion, Former CBO Director Says

in #greennewdeal6 years ago

Alexandria Ocasio-Cortez's "Green New Deal" is the subject of much criticism.

There is now a price tag on it: $93 trillion over 10 years.

The proposal is focused upon climate change which is only part of the total. That accounts for $10 trillion. The majority of the price tag is in the expansion of the welfare state and government. That makes up more than $50 trillion of the total.

Of course, Ocasio-Cortez did not offer any explanation of how to pay for this.

To read full story, click on image.

Sort:  

So about 9 trillion a year for her plan, which is more than double our current 4 trillion budget. That brings our new budget to 13 trillion, when the entire GDP of the US is 19 trillion.

So turn on the printing presses and destroy the dollar, I guess.

About 95.27$ has been spent to promote this content.

About 88.9$ has been spent to promote this content.

You got a 35.22% upvote from @brupvoter courtesy of @steemium!

You got a 64.89% upvote from @emperorofnaps courtesy of @steemium!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

This post has received a 40.73% upvote from @lovejuice thanks to @steemium. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.

You got a 27.78% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 60385.82
ETH 2321.90
USDT 1.00
SBD 2.51