House advances Cap & Trade bill

[saden1]

When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy $161 billion in 2020, which is $1,870 for a family of four. As the bill's restrictions kick in, that number rises to $6,800 for a family of four by 2035.

As always doing analysis from a business angle and not the right and fair angle. I wonder if The Heritage Foundation did the same GDP analysis with respect the Iraq war and the Wall St. Journal reported it? In 2020 our GDP is expected to be 29 trillion and while 161 billion is real money the real question should be does the cost (0.0055 % of the GDP) justify the result?

The only cost that matters to me and you is direct out of pocket cost because that's real money you will lose.


p.s. I wonder what the GDP cost of bailing out Florida every time a hurricane strikes is?