I’m sure you’ve heard of the “Green New Deal” put forward by House member Alexandria Ocasio-Cortez (D-NY) and Senator Ed Markey (D-MA). The back-up talking points for the Green New Deal included an end to the oil and gas industry, an end to air travel, an end to internal combustion engines in cars and an end to meat.
It would basically destroy the U.S. economy, erase tens of millions of jobs and cause tens of trillions of dollars of Fed money printing to monetize the resulting deficits. Air travel would be replaced by high-speed trains from coast-to-coast.
There’s only one problem with the trains. According to this article, California just shut down its own in-state effort to build high-speed rail from San Diego to Sacramento.
The project was launched with a $5 billion bond, but it’s currently ten years behind schedule and the current estimated cost is $77 billion. The money spent so far was mostly wasted on consultants and advisors, although a small section from Merced to Bakersfield may get built.
It’s the biggest taxpayer-funded government boondoggle in state history. If California can’t build a railroad in a single state, it’s hard to see how the Green New Deal will build several from coast-to-coast. The Green New Deal looks more like a liberal Green Dream and a taxpayer nightmare.
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