People keep asking what the Green New Deal will cost, but that is the wrong question. The question is how much do they want? It turns out the New Dealers are pretty clear about the answer — around $100 trillion over ten years. They are working to a very big budget. What gets done depends on the money, not vice versa.
Representative Ocasio-Cortez (who has a degree in economics) and her crew have a clear idea of where the money for the Green New Deal is going to come from and roughly how much they want. As with WW2, the Green New Deal will simply consume about half of American GDP. I am not making this up. That WW2 was a time of great sacrifice and hardship, as a direct result of this dramatic mobilization, does not matter to these folks. War is war, right?
Form - Resolution - Plan - Sector - Economy
Here it is in its clearest form: “The resolution describes the 10-year plan to transform every sector of our economy to remove GHH and pollution. It says it does this through huge investment in renewables at WW2 scale (which was 40-60% GDP investments).”
This recent quote is from Representative Ocasio-Cortez’s chief of staff — Saikat Chakrabarti.
Budget - % - US - GDP - New
If you start with a budget of 40-60% of US GDP you can think really big, and the Green New Dealers have done just that. GDP is running around $20 trillion a year, or $200 trillion in ten years. Taking 40-60% of that is $80-120 trillion, so let’s call it an even $100 trillion to finance the Green New Deal dream.
The ways and means of raising this stupendous sum of $100 trillion are also clear in their minds. It will be done the same way WW2 was done, however that was. It is obvious to them that we can do this, because we...
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