Ocasio-Cortez's "Green New Deal" Would Cost $93 Trillion, Former CBO Director Says

in greennewdeal •  6 years ago 

Alexandria Ocasio-Cortez's "Green New Deal" is the subject of much criticism.

There is now a price tag on it: $93 trillion over 10 years.

The proposal is focused upon climate change which is only part of the total. That accounts for $10 trillion. The majority of the price tag is in the expansion of the welfare state and government. That makes up more than $50 trillion of the total.

Of course, Ocasio-Cortez did not offer any explanation of how to pay for this.

To read full story, click on image.

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So about 9 trillion a year for her plan, which is more than double our current 4 trillion budget. That brings our new budget to 13 trillion, when the entire GDP of the US is 19 trillion.

So turn on the printing presses and destroy the dollar, I guess.

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