The national debt can be checked according to year. it rose 4 trillion during the 8 years President Bush was in office and $6 trillion during the first 4 years of President Obama. President Bush had 7 years of war for his money. My question is what did President Obama spend in on? National health care?, green energy projests. this 85 billion dollar sequester is a joke, they waste a ton more than that and now are making us pay. I just read where they are paying for research about duck penis’s…Really! WHY. We are being led by idiots and they are making military pay for it. while they give handouts to people who are too lazy to work or better themselves so they are marketable enough to get a good job. Gas prices are fake too, real to us, but it is all about the fake global warming. UN kyoto accord on global warming, al gore signed dec 11 1997. Increased energy costs once it came into effect Feb 16, 2005, to get us to use less, so they say. I think it is designed to suck our money out and make us dependent on a would be socialist government. I see it as a democrat set up with some leftist republican support, ie mccain and company.
google record high temperature history and take notice of the dates. I found the 50 states and one has a record high set in 1898, 6 were set before 1920, if global warming is real, then how is this still holding?
Google new york times sep 30 1999 clinton fannie mae…and you will see why the banks failed once al gore and the UN drove up gas prices with the Kyoto accord on global warming.
THE COST OF THE KYOTO PROTOCOL
Moving Forward on Climate Change Policy While Preserving Economic Growth
BACKGROUND
The Kyoto Protocol entered into force as an international treaty for those countries that had ratified it on February 16, 2005. The International Council for Capital Formation (ICCF) has published a series of in-depth studies, analysing the broader economic repercussions of adopting Kyoto for the UK, Germany, Italy and Spain and specifically its impact for each nation on:
• Carbon dioxide emissions
• Energy consumption
• Energy prices
• Gross domestic product (GDP)
• Employment levels
For copies of the individual country reports on Italy, Spain and the UK, please visit the ICCF website at www .iccfglobal. org. The German report will be available on November 15.
OVERVIEW
The analysis, which was prepared by Global Insight Inc. an international economic modelling firm, assumes that the cost of emission allowances under Kyoto would be passed along to consumers in the form of higher energy prices and ultimately high prices for all goods and services. Consumers’ purchasing power would be reduced by the higher cost of using energy, reducing real disposable income.
Output and employment losses would also be expected because:
• energy-using equipment and vehicles would be made prematurely obsolete
• consumers would be rattled by rapid increases in living costs
• financial ministers concerned over possible inflation would most likely need to target more slack in the economy to deflate non-energy prices and thus stabilize the overall price environment.
Consumption and residential fixed investment would be the hardest hit components of real GDP because of the direct loss in real disposable income.
The economy’s potential to produce would fall below Base Case levels initially with the cut back in energy usage, since energy is a key factor of production. Stronger investment would be required over the longer-term to build capital as a substitute for
this lost factor. The decline in consumption and residential fixed investment relative to Base Case levels, however, would have a depressing impact on business fixed investment in the near-term.
Labour productivity would decline because the other factors of production would be less efficient. Only as investment grows and the capital stock is expanded would productivity begin to improve.
Post 2012, the impact on economic performance would begin to lessen if the target emission level under the Kyoto Protocol were maintained. The extreme change in the energy prices experienced during the years between 2008 and 2012 would not be repeated. While the percentage change in prices relative to the baseline would increase somewhat, the year-over-year change in prices would be reduced. However, achieving targets that are even more aggressive, would take ever larger carbon fees, and would continue to take a significant toll on economic performance. For example, if countries were to adopt a post 2012 target of a 60 percent reduction in CO2 by 2050, Italian industry would pay 54 percent more for natural gas in 2020 and UK industry would pay 57 percent more (Figure 1).
Figure 1 – Electricity and gas prices
2010: KYOTO TARGET
2020: 60% below 2000 levels by 2050
Figure 2 – GDP -4-3.5-3-2.5-2-1.5-1-0.50GermanyUKSpainItalyGermanyUKSpainItalyReal GDP -
%
Difference from BaselineKyoto Target60% Below 2000 Levels by 205020102020
2
Figure 3 – Employment -800-700-600-500-400-300-200-1000ItalyGermanyUKSpainItalyUKGermanySpainThousands of JobsKyoto Target60% Below 2000 Levels by 205020102020
IMPACT OF KYOTO ON ENERGY CONSUMPTION
Domestic Sector
• Dramatically higher energy prices would force consumers to cut energy consumption.
• Since there is only limited opportunity to substitute more energy efficient appliances and furnaces for the period 2008-2012, consumers would reduce their consumption of energy services.
• Longer term, consumers would attempt to replace some of these services by replacing their energy consuming equipment.
Industry Sector
• Industry would respond to the dramatically higher prices through several mechanisms:
Power Sector
• The imposition of carbon permits would lead to extremely large increases in the delivered price of electricity, particularly to the industrial sector.
• Imposition of ever decreasing carbon permit levels would set in motion dramatic changes in this sector.
• Coal use would decline, slowly at first and then rapidly, as the price drove electricity prices up, reducing demand and encouraging the substitution of natural gas or renewables.
3
• Investment in natural gas fired generating capacity would alleviate some of the pressure on electricity prices, but with the ever increasing stringency of the target, investment in end-use efficiency would need to be as great or greater than improvements in power supply efficiency.
• For this analysis, it was assumed that nuclear and hydroelectric energy would not change.
Transportation Sector
• Due to the high taxes already in place on transportation fuels, the percentage change in price due to the addition of the carbon permit fees is less than the change in price in other sectors.
• Longer term, the permit price would have to be high enough to reduce energy use in this sector as the target tightens.
• Even assuming an international carbon dioxide emission allowance trading scheme, meeting the Kyoto targets would result in the following:
Obviously, the missing six trillion dollars went to the secret UN army that’s going to emerge from our national parks to disarm Americans and send them to LEED-certified internment camps built by illegals high on crank and welfare checks. Duh.
Banking committee was warned about the banking problems in 2004, Listen to the response yourselves: (many say Bush deregulated the banks, this is a regulator before the banking committee in 2004.)
Democrats saying noting wrong with fannie mae and freddie mac
IMPACT OF KYOTO ON ENERGY CONSUMPTION
Domestic Sector
• Dramatically higher energy prices would force consumers to cut energy consumption.
• Since there is only limited opportunity to substitute more energy efficient appliances and furnaces for the period 2008-2012, consumers would reduce their consumption of energy services.
• Longer term, consumers would attempt to replace some of these services by replacing their energy consuming equipment.
Industry Sector
• Industry would respond to the dramatically higher prices through several mechanisms:
Power Sector
• The imposition of carbon permits would lead to extremely large increases in the delivered price of electricity, particularly to the industrial sector.
• Imposition of ever decreasing carbon permit levels would set in motion dramatic changes in this sector.
• Coal use would decline, slowly at first and then rapidly, as the price drove electricity prices up, reducing demand and encouraging the substitution of natural gas or renewables.
NOTICE THE DRAMATICALLY HIGHER ENERGY PRICES LINE…
Who is ultimately going to pay for these carbon credits, business, the consumers?
Actually one thing one needs to think about, and may be nothing, but There has been a shortage of ammunition lately, Homeland Security is buying up, I belive the number is 40%, which has also driven up the price, but WHY are they doing this. DO they need more than the military?
RAvenman, think of this, we are in a war on terror, yet we left our southern boarder wide open…why?
We are spending money on stupid things, yet taking over 20% of the military, and civilians supporting the military’s pay, which will do what? Cause them to loose their homes. I will be loosing $650 a month on a single income household that have been living paycheck to paycheck due to $500 a month being spent on gas…driving a neon, to help these jerks fake global warming.
1970’s the democrat scare tactic was…we are heading for another ice age, and there is a hole in the ozone
In the 1990’s, Global Warming
Obama and company, Climate change
WHICH IS IT? Hey, the only thing consistant is change!
But we are being lied too by the media saying storms are getting bigger and more powerful and storm surges are higher, Sandy being referred to as SUPERSTOEM Sandy.
Right?
90 seconds and google disprove all of it. Just by checking NY hurricane history
and largest or most powerful hurricane history
wo why are they lying to us?
It is also 14 years old. I cant afford anything else, because everytime I get a raise, which has to be from promotion due to us not getting raises in the last two years, It gets sucked up by the increase in the cost of living, insurance and taxes, not to mention food prices. I would love to have a car that gets better than 25 mpg but cant afford to get one.
The thing is this sequester is just a repeat of the raising of the gas, meaning will have the same type of effect though on a smaller scale. The gas prices caused people to loose homes, banks to go under and a bank bailout ( I see as all a set up to drive us to CHANGE, socialism), but we will see.
Timewinder, have you read the UN Kyoto accord? Have you paid attention to the spending of our government? Maybe you need some Kool-Aid or to just go back to sleep. I would love to hear some of you guys explaination of these things. I didnt make them up, I didnt get them from FOX news or some radical website. New York Times…Internationa council for Capital formation, European group reporting on Kyoto’s affect on Europe. Problem is, we live on a Global economy, now just a US economy, thus our high gas prices.
Please show me where I am wrong, I have been trying for a long time to find someone who could give me another prospective on these issues.
I already told you why. Homeland Security is a false-flag operation giving deep cover to UN armies in our National Parks, who plan to use handgun ammunition, black helicopters, and our precious bodily fluids to enslave Americans in FEMA-run environmentally friendly concentration camps which are going to make Christians loose their citizenship. This is all going to begin when the UN armies roll into key voting districts identified by ACORN, which was really an intelligence operation run by Hugo Chavez, which was exposed by James O’Keefe in his explosive 2009 videos.
And the southern border is left totally undefended – except by well-armed volunteers, patriots and Tea Partiers – because the illegals come over to take jobs from Americans to build the concentration camps, which were funded by the bloated 2009 stimulus plan. The real unemployment rate is actually almost 20% and our stock market is going to crash any day now.
not a problems, God has my back so Im not worried. I wont die a second before He says so. I know this is how the world is supposed to go, according to the bible, but I like to point it out to others so they see it coming and are not blindsided. They are purposely bringing down our economy and it is some from both parties and the filthy rich, not just the republicans. The biggest fastest pushers of this are liberals, marxists, and they want your guns. Funny, I trust those who are not after my guns more than those who are.
Google US code title 10 chapter 13 and you can see why we have the 2nd ammendment and who it is mostly aimed at…17-45 and notice the word ALL.
The fourth balance of power, we the people. Not so we would be able to attack our government, but so we would not have too…so why do they want your riffles? Most gun violence is from hand guns.
