Beware the Senate DOMESTIC ISSUES: LABOR Committee s Supreme Court of Health
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Congress Should Improve Workers Access to Better Advice forRetirement Investing
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In his State of the Union address last month, President Obama requested that Congress pass legislation mandating a national clean energy standard (CES). A CES targets the CO2 emissions from the electric power industry by setting minimum percentages of total power (electricity) generation that must come from sources that emit no CO2. (It should be noted that CO2 is colorless, odorless, and non-toxic. Therefore, it is a misnomer to call CO2 dirty.) Though this sounds less threatening than cap-and-trade legislation, it can end up being pretty much the same thing.
When are we going to be honest about the impact of “clean energy” standards, renewable energy standards, cap and trade, and all the other policies to cut energy use under the guise of helping future generations? These policies are not things we do for our grandchildren; they are things we would do to them. The costs are hugely back loaded onto future generations, while the front-end costs are often fictionalized with unrealistic assumptions about carbon-reduction strategies.