The Green New Deal

AOC rolled out her Green New Deal today:

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Under the plan, the electricity system would run entirely on "clean, renewable, and zero-emission sources," the resolution states. It envisions new investments in public transportation, improving building energy efficiency, clean manufacturing and green infrastructure. Investments would prioritize communities that "may otherwise struggle with the transition away from greenhouse gas intensive industries" while also ensuring room for "high-paying union jobs" that include prevailing wages and protect collective bargaining rights. It also pushes to "stop the transfer of jobs and pollution overseas."

Sounds wonderful, but the devil is in the details. For starters, the GND hand-waves away any questions about funding:

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The Federal Reserve can extend credit to power these projects and investments and new public banks can be created to extend credit.

And in case that isn't specific enough:

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At the end of the day, this is an investment in our economy, that will grow our wealth as a nation, so the question isn't how we'll pay for it but what will we do with our new shared prosperity.

The document is not all smoke and mirrors; only 90%. Getting down to specifics, they envision ending all air travel in 10 years. No, I'm not kidding:

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...build out high-speed rail at a scale where air travel stops becoming necessary...

And no nukes:

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A Green New Deal is a massive investment in renewable energy production and would not include creating new nuclear plants.

Oh, and there's this little proposal:

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Upgrade or replace every building in the US for state of the art energy efficiency.

The plan claims support from 92% of Democrats and 64% of Republicans, including Democratic presidential contenders Elizabeth Warren, Cory Booker, Kamala Harris, Bernie Sanders and Kirsten Gillibrand among others.

via International Skeptics Forum http://bit.ly/2t9blmx