Steve can darken your Memorial Day weekend here. I'll give you a quick preview.
The Massachusetts Institute of Technology (MIT), arguably the most prestigious engineering college in the US (if not the world) studied the cap-and-tax proposal.
Forget about mal-invested dollars which will chase rainbows, or investment-dollars drained out of the pot to purchase 'credits.' Those will only reduce US jobs by a couple of million over the next 10+ years. What the hey--a couple of million jobs...
MIT estimates that, AFTER savings on coal- or petroleum- or gas-fired heating and appliances, cap-and-tax will STILL cost the average US family around $3,900.00/year.
You have an extra $325.00/month to piss away?
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You have an extra $325.00/month to piss away? Yeah. If we give up this little thing called "eating."
MIT estimates that, AFTER savings on coal- or petroleum- or gas-fired heating and appliances, cap-and-tax will STILL cost the average US family around $3,900.00/year.Um, no.
Jay refers us to this letter: http://thinkprogress.org/wp-content/uploads/2009/04/republican.pdf
...in which the MIT guy says that Boehner's reading of his report is erroneous by a factor of 10x.
We're into statistical methodology here, and I'm happy to report I do NOT know squit about that field.
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