Heritage Foundation Releases Economic Study of Waxman-Markey Cap and Trade Bill

There are some pretty scary numbers here for you younger folks. They've projected cost of various things (heating oil, gasoline, electricity, etc...) by the year 2035 (calculated in 2009 $ - not accounting for inflation).

There has to be a better way to control emissions. This plan is not the way to go. - MBC

http://blog.heritage.org/2009/08/06/heritage-foundation-releases-economic-study-of-waxman-markey-cap-and-trade-bill/

"...Proponents of Waxman-Markey argue that we need to save the planet to give our children and our grandchildren a better world to live in – but this is not a gift we’re leaving for the next generation – it’s a less prosperous country with fewer opportunities. The income losses, the job losses, the tax increases, and the mounting debt all get worse over the decades. Instead of selfless charity for those who follow, this bill forces a bad deal on a generation that doesn’t have the option to turn it down..."