There's no pretense about the impact these measures will have on taxpayers: "Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket," Obama admitted during the 2008 campaign. "That will cost money. They will pass that money on to consumers."
White House Office of Management and Budget Director Peter Orszag again acknowledged last week that "much of (the) costs of the plan will be passed along to consumers in the form of higher prices for energy and energy intensive goods." The GOP puts the cost at approximately $3,100 per family a year. Team Obama promises to offset these costs with some sort of tax credit for families, but by the budget team's own admission, families would still pay at least $500 per year in out-of-pocket increased energy costs above and beyond the credit. Retirees and college students wouldn't be eligible for the tax rebates.
This is not "fear-mongering." It's fact-mongering. And these facts deserve to be fully weighed and laid on the legislative table before Washington lawmakers take action again to drastically alter the economic landscape -- and stick us with the bill.
But once again, the big spenders in Washington can't be bothered with the deliberative process. They have learned nothing from the AIG bailout rush-and-take-back debacle. Or the porkulus waste debacle. Or the TARP-you-can't-believe-in debacle. The lemmings will only contemplate the consequences of their Chicken Little actions after they've sent the economy permanently over the cliff.
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