Apparently We Still Have Too Much Money So Your Worthless Democratic Congress Wants to Give More Of It To Other Countries

If a tree falls in Brazil, it will, in fact, be heard in the U.S. – at least if a little-noticed provision in the pending climate-change bill in Congress becomes law.

As part of the far-reaching climate bill, the House is set to vote Friday on a plan to pay companies billions of dollars not to chop down trees around the world, as a way to reduce global warming.

The provision, called “offsets,” has been attacked by both environmentalists and business groups as ineffective and poorly designed. Critics contend it would send scarce federal dollars overseas to plant trees when subsidies are needed at home, while the purported ecological benefits would be difficult to quantify.

The offsets “would be a transfer of wealth overseas,” said William Kovacs, vice president for environmental affairs at the U.S. Chamber of Commerce.

The Congressional Budget Office (CBO), the official fiscal scorekeeper on Capitol Hill, has not offered an estimate on how much the offset plan would cost, but the liberal Center for American Progress says it will be pricey.

“The international offsets market is not a huge or cheap market,” said Joseph Romm, a climate expert at the center. “By 2020, the U.S. could be spending $4 billion on international offsets.” Read the rest of the sad story here.

H/T Bonz at GCP.

If that doesn’t make you want to grab the pitchforks and boiling oil, it should. Congress is planning on the biggest tax hike in history which will make everything more expensive. Your food. Your shelter. Your transportation. Your electricity. And they will take your tax dollars and send it to other countries because you have too damned much money.

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