Tighten Your Belts, or Quit Breathing

Sounds like these will be the only options for Americans if Cap and Trade becomes law (also known as Waxman-Markey). It’s surprising that CBS News is reporting this:

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

Well, who woulda thunk it? I guess another good question for the administration would be why this information wasn’t publicly released, and instead was part of an undisclosed Treasury report that had to be obtained via FOIA? In addition to the other insane tax increases that economic law would require to make Health Care reform and other Obama projects possible, the report concludes:

At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.

Because I don’t pay enough in taxes already. I suppose if you can’t beat ’em, join ’em! Welfare state, here I come! Bring me my gub’ment cheeze!

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~ by tom on September 16, 2009.

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