The Green New Deal, Ocasio-Cortez’s child-like fantasy proposal, is expensive. But after some number crunching, they’re far higher than anyone could have thought. The Daily Wire reports:
Socialist Rep. Alexandria Ocasio-Cortez’s (D-NY) “Green New Deal” — a massive government takeover of large portions of the U.S. economy — is projected to cost up to $93 trillion.
Bloomberg reports that Ocasio-Cortez’s far-left plan would “tally between $51 trillion and $93 trillion over 10-years, concludes American Action Forum, which is run by Douglas Holtz-Eakin, who directed the non-partisan CBO from 2003 to 2005.”
The enormous price tag, which amounts to over $650,000 per U.S. household, covers a low-carbon electricity grid, net zero emissions transportation system, guaranteed jobs, universal health care, guaranteed green housing, and food security.
“The Green New Deal is clearly very expensive,” the group noted in its analysis. “Its further expansion of the federal government’s role in some of the most basic decisions of daily life, however, would likely have a more lasting and damaging impact than its enormous price tag.”
If the Green New Deal was passed as is, then it would spark a complete economic collapse that would bring the economy back to the stone age.