Study: Ocasio-Cortez’s Green New Deal could come with a $94 trillion price tag

Make sure to let us know what you think... we now have comments turned ON below the article!

It was only a few weeks ago when Democrat New York Rep. Alexandria Ocasio-Cortez introduced her highly aspirational “Green New Deal” policy proposal, a sort of grab bag of leftist ideals in the areas of environmentalism and social justice.

Though the expansive, yet disturbingly vague proposal was met with incredible mockery, a group of researchers took it as seriously as they could to try and estimate just some of the costs involved, and those costs were nothing short of astronomical and all but economically impossible to achieve.

More than $94 trillion over ten years

Researchers with the American Action Forum, a center-right nonprofit organization focused on economic and fiscal policy issues, set about attempting to deduce the scope, scale and implications of the Green New Deal, largely in an effort to estimate the total costs of the plan.

The vagueness of the proposal itself resulted in the researchers being forced to make assumptions based on other assumptions and estimates, meaning that the assessments provided are necessarily incomplete and admittedly on the low end, as actual costs would likely prove much higher once details of the proposal emerge with greater specificity.

Nevertheless, despite those caveats, but with ample quotations from the proposal itself and citations of prior studies, the AAF determined that the Green New Deal would likely cost upwards of $94.4 trillion over the next ten years. Broken down to the individual taxpayer level, that figure represents an estimated cost per household of more than $650,000 over the same time span.

“Clearly very expensive”

Unavoidable methodological shortcomings aside, the researchers analyzed the proposal and broke it down into six main goals — the transition to a carbon-free electricity grid, replacing most air travel with high-speed rail, guaranteed union jobs with all sorts of economic benefits and security, universal health care, guaranteed affordable housing, and finally, food security for all Americans.

There is quite a bit of overlap, redundancy and even contradictions in those aspirational goals, but given the support the proposal has received from a number of prominent Democrats — including several prime 2020 candidates — such concerns were set aside or factored in, as necessary, and costs were estimated where possible, even as it was duly noted that actual costs would almost certainly exceed the estimates.

In the end, the study concluded, “The Green New Deal is clearly very expensive. 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.”

“Bankrupt the nation”

The Washington Free Beacon reported that Republican Wyoming Sen. John Barrasso — chair of the Senate Committee on Environment and Public Works, which would be at the forefront of transforming the plan into reality — said, “The American Action Forum’s analysis shows that the Green New Deal would bankrupt the nation.”

“On the upper end, every American household would have to pay $65,000 per year to foot the bill. The total price tag would be $93 trillion over 10 years. That is roughly four times the value of all Fortune 500 companies combined. That’s no deal,” the senator continued.

“Instead, we should promote innovation to reduce carbon dioxide emissions,” he added. “Promising new technologies like advanced nuclear power, carbon capture, and carbon utilization hold the key to significant emissions reductions. We can lower our emissions without crashing our economy.”

The pie-in-the-sky Green New Deal would be prohibitively expensive to implement — not even considering the massive societal disruptions it would entail — and is nothing short of a massive government takeover over nearly all major aspects of life, from how and where we live, to how we are permitted to travel, even to what we eat … and should be fervently opposed for all of those reasons and then some.

178 Responses

  1. Im not that much of a online reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your site to come back down the road. Cheers

  2. Hi there! I know this is kinda off topic but I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog post or vice-versa? My blog addresses a lot of the same topics as yours and I believe we could greatly benefit from each other. If you’re interested feel free to shoot me an email. I look forward to hearing from you! Wonderful blog by the way!

  3. I’m really enjoying the design and layout of your blog. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Fantastic work!

  4. Howdy, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam feedback? If so how do you reduce it, any plugin or anything you can advise? I get so much lately it’s driving me insane so any help is very much appreciated.

  5. It’s a shame you don’t have a donate button! I’d certainly donate to this outstanding blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to new updates and will talk about this site with my Facebook group. Talk soon!

  6. Have you ever considered creating an ebook or guest authoring on other sites? I have a blog based on the same topics you discuss and would love to have you share some stories/information. I know my subscribers would appreciate your work. If you’re even remotely interested, feel free to shoot me an email.

  7. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment. Is there any way you can remove me from that service? Thanks a lot!

  8. Sweet blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Appreciate it

  9. Do you have a spam issue on this blog; I also am a blogger, and I was wondering your situation; many of us have developed some nice practices and we are looking to exchange solutions with other folks, please shoot me an email if interested.

  10. The following time I read a blog, I hope that it doesnt disappoint me as a lot as this one. I imply, I know it was my choice to read, however I actually thought youd have something fascinating to say. All I hear is a bunch of whining about something that you would repair in the event you werent too busy in search of attention.

  11. I was wondering if you ever thought of changing the layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two pictures. Maybe you could space it out better?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.