Sunday, August 16, 2009

$8 billion - just for 'cap-and-trade' staffing

(Analyst's Note: Funny how the billions add up! All the new jobs are in the Federal Government. This "administrative cost" will be small compared to the management of health care for millions of Americans. )

A senior policy analyst with The Heritage Foundation believes "cap-and-trade" legislation will increase an already bloated federal government.

David Kreutzer tells OneNewsNow that if cap-and-trade legislation -- sometimes referred to as "energy ration and tax" by opponents -- passes the Senate, it will add more than $8 billion in additional government staff.


"This is not the cost to the economy from the higher energy prices -- that's much, much higher; that will be thousands of dollars per family...$9.4 trillion over the first 24 years," Kreutzer explains. "The eight billion [dollars] is just for the staff in Washington to handle the paperwork."

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