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 Post subject: Obama's draft budget projects cap-and-trade revenue
PostPosted: Mon Feb 01, 2010 5:57 pm 
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President Obama's proposed budget laid out his assumptions that a new cap-and-trade program for greenhouse gas emissions would begin to generate billions of dollars in revenue as companies are forced to comply with a market-based program.

Obama's budget includes several principles on what the administration wants to see out of a cap-and-trade program, including emission targets that cut U.S. greenhouse gas levels 14 percent from 2005 levels by 2020. Obama also wants midcentury cuts of 83 percent from 2005 levels.

The budget also includes revenue from a national cap-and-trade system for greenhouse gas emissions, which would come from auctioning off emissions permits to industries. The climate program would generate nearly $650 billion between 2012 and 2019, according to Obama's proposal.


http://www.scientificamerican.com/artic ... ama-budget

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 Post subject: Re: Obama's draft budget projects cap-and-trade revenue
PostPosted: Sun Feb 07, 2010 6:53 pm 
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thunderstruck wrote:
Quote:
President Obama's proposed budget laid out his assumptions that a new cap-and-trade program for greenhouse gas emissions would begin to generate billions of dollars in revenue as companies are forced to comply with a market-based program.

Obama's budget includes several principles on what the administration wants to see out of a cap-and-trade program, including emission targets that cut U.S. greenhouse gas levels 14 percent from 2005 levels by 2020. Obama also wants midcentury cuts of 83 percent from 2005 levels.

The budget also includes revenue from a national cap-and-trade system for greenhouse gas emissions, which would come from auctioning off emissions permits to industries. The climate program would generate nearly $650 billion between 2012 and 2019, according to Obama's proposal.


http://www.scientificamerican.com/artic ... ama-budget

$650 billion over 8 years? Don't bother uncorking the champagne. If the guy runs a deficit twice that each year, what does this revenue mean? Little.

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 Post subject: Re: Obama's draft budget projects cap-and-trade revenue
PostPosted: Sun Feb 07, 2010 7:14 pm 
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It only proves the whole global warming scam. :no:

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 Post subject: Re: Obama's draft budget projects cap-and-trade revenue
PostPosted: Mon Feb 08, 2010 8:17 pm 
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That double talk even confused me, the engineer... f" obama and his double talk BS.. that BS is reserved for politicians and lawyers...

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 Post subject: Re: Obama's draft budget projects cap-and-trade revenue
PostPosted: Mon Feb 08, 2010 9:23 pm 
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mikeb12 wrote:
That double talk even confused me, the engineer... f" obama and his double talk BS.. that BS is reserved for politicians and lawyers...

I keep hearing vague promises of a 'clean energy future' but nothing specific on how to get there or any road map for progress. Nothing new, I guess. :cry:

dengyong wrote:
It only proves the whole global warming scam. :no:

So, tell me, how does this revenue proposal written on a budget draft prove it is all a scam?

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Srsly... STFU and stay on topic.

Aberration wrote:
The great depression is over played.

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