From a commentary in the Fort Worth Star-Telegram:
BARTON: Study the (scary) figures on cap and trade
By JOE BARTON
Special to the Star-Telegram
Buried underneath the mountain of new debt created by President Barack Obama’s $3.6 trillion budget proposal — which, by the way, spends too much, borrows too much and taxes too much — is a program called "cap and trade."
It is a scheme devised by radical environmentalists and liberal politicians in Washington to get their big government hands in your wallet.
It is being sold as a way to save the planet by taxing "emitters," but it will kill the economy and decimate your family’s budget.
It will add to the cost of everything produced with energy, which is literally everything. The people at greatest risk are low- and middle-income families, blue-collar workers, the elderly and those whose jobs will be destroyed if we adopt a cap-and-tax policy...
The president’s plan is to reduce U.S. greenhouse gas emissions by 80 percent from 1990 levels by the year 2050.
That would be a level of emissions the U.S. last experienced around 1910, when our population was about 92 million people. But experts predict that our population in 2050 will be about 420 million people, which means that to comply with the plan, our per capita emissions will have to be around 2.5 metric tons per year, a level last seen in the U.S. around 1875.
All those numbers may be a little confusing, but they add up to one undisputable fact — achieving this target essentially requires replacing virtually the entire existing energy infrastructure of the United States.