Wednesday, May 14, 2008

Financial Catastrophe if CURRENT Senate Global Warming Bill Passes :: The Patriot Room

Silly me. I thought this screw job wasn’t coming until next year.

The Heritage Foundation has done a detailed analysis of a Bill Co-Sponsored by Senators Joe Lieberman and John Warner currently pending in the Senate.

Imagine this nightmare economic scenario playing out over the next two decades:

$1.7 to $4.8 trillion-cumulative losses to economic output by 2030.

$155 billion to $500 billion-potential single-year losses to economic output.

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