Cap-and-Kill Passes the House of Representatives
By a slim 219-212 margin, HR 2454 passed the House of Representatives earlier this evening. The thing that chafes? Eight House Republicans joined 204 Democrats in voting ‘yea’ for the measure, which the Congressional Budget Office (CBO) estimates will cost the average American $175 a year in increased energy costs.
Showing the customary liberal penchant for confusion, Rep. Henry Waxman (D-Some sector of the Gamma Quadrant) said that the CBO estimate showed that his plan is “effective and affordable”. Silly representative! People earn and own money, not governments. Americans shouldn’t have to pay a single dime in increased cost of living simply because liberal Democrats think Americans live too affluently, which is what this legislation is really about.
The CBO estimate is about as cheery as the news gets. The Heritage Foundation’s outlook is far more bleak:
An analysis of the Waxman-Markey bill (as reported out of the House Committee on Energy and Commerce) by The Heritage Foundation found that unemployment will increase by nearly 2 million in 2012, the first year of the program, and reach nearly 2.5 million in 2035, the last year of the analysis. Total GDP loss by 2035 would be $9.4 trillion. The national debt would balloon as the economy slowed, saddling a family of four with $114,915 of additional national debt. Families would also suffer, as the bill would slap the equivalent of a $4,609 tax on a family of four by 2035.
But Waxman assures us that $175 is “affordable” and therefore, acceptable. Never mind the fact that $175 could be otherwise spent on more worthy pursuits; for example, it could be spent on pinwheels and penny whistles. Anything at all, really, would be better than this bill.
Liberals like Waxman think that Americans should suck up a lowered standard of living waiting on advances in technology, and never mind the reduced quality of life they endure in the meantime. After all, we’re only fifty years away from the day when cars will run on moonpies and R.C. Cola!
Shame on eight turncoat Republicans who, inexplicably, voted for one of the most grotesque encroachments upon liberty to cross the House floor in quite some time. The bright spot in all of this? Waxman-Markey may not make it out of the Senate, and Waxman got slapped down by Rep. John Boehner.