Thank you for sharing your thoughts about a clean energy and climate bill. I understand and share your concerns about the impact such legislation will have on Americans. Legislation addressing this issue must be mindful of costs to consumers. At the same time, I believe that global warming is real and needs to be addressed. The good news is that a well designed climate and energy bill can be a cost effective way to address this threat and help us develop a clean and sustainable economy.
The House of Representatives passed the American Clean Energy and Security Act (H.R. 2454) on June 26, 2009. In addition to addressing greenhouse gases and energy use, legislators worked hard to address many of the concerns that you raised, including costs to consumers. The bill includes provisions to provide reimbursements to households, particularly low-income ones, for possible higher energy costs. As a result of these efforts, recent analysis from the Congressional Budget Office estimates that the legislation will cost each household less than 50 cents per day in 2020. I am now working with my colleagues Senator Baucus (D-MO) and Senator Merkley (D-OR) in a special group to contain costs in climate legislation as it moves through the Senate. I look forward to passing legislation that curbs global warming and protects consumers.
I believe that if this bill is done right, it will help America rebuild its economy by providing incentives for businesses to invest, create new, good paying jobs, and save Americans billions of dollars in the long run. Investments in clean energy will generate approximately 3 times as many jobs as the equivalent amount spent on carbon-based fuel. A recent report released by the Union of Concerned Scientists found that if emissions are reduced by 56 percent by 2030, the resulting savings on energy bills from reductions in electricity and fuel would produce net annual savings for households, vehicle owners, businesses, and industries of $255 billion. New incentives will lead to fruitful innovations, and help the United States become a world leader in a new manufacturing sector, allowing us to export our expertise, intellectual property, and products worldwide. The Political Economy Research Institute estimates that the passage of a climate and energy bill would produce 1.7 million new jobs - 26,605 in Maryland alone. These jobs will be permanent, good paying, and will help rebuild our manufacturing sector.
Many of America's leading companies, including major manufacturers and utilities support a new approach to energy and regulation. The United States Climate Action Partnership is an alliance of major businesses that have come together to call on the Federal Government to quickly enact strong national legislation to require significant reductions of greenhouse gas emissions. They believe this step is necessary for our future economic prosperity even in our current economic circumstances. This partnership includes major companies such as General Electric, Ford Motor Company, Shell, John Deere, DuPont, and PepsiCo.
If left unchecked, the impacts of global warming - increased hurricane damage, real estate losses, energy and water expenses - could cost our economy an estimated $1.9 trillion annually by the end of the century. The stakes are particularly high for Maryland. Scientists predict that warming will cause sea level in Maryland to rise by as much as three feet before the century's end. Warmer seas will produce more severe tropical storms and hurricanes-causing damage to towns along the Chesapeake Bay and more floods throughout the state. The short and long term threats global warming poses to our economy and standard of living must be taken very seriously.[There are nothing but false claims made here. The number and severity of hurricanes goes through cycles, but there has been no long-term increase in either. The real-estate losses are known to be due to more building along the seacoasts. The Chesapeake Bay is a beautiful place to have a home and it is great to have a dock and a boat. So the affluent have built homes all along it and, yes, damage is high in bad storms. The 3 foot sea-level rising prediction by the end of the century even exceeds the wild-eyed 2007 UN IPCC governmental union prediction that it will rise by 18 to 59 cm. Oh, sorry, I had better do the conversion for you. That is 7 to 23 inches. The upper end number is less than 2 feet. Mid-range is a mere 15 inches and each UN IPCC prediction has been less than the previous one. Each has been recognized as an exaggeration. Of course, land masses will rise in some areas and sink in others and the total amount of liquid water may increase or decrease somewhat, as they always have due to natural causes beyond your control.]
A central element of H.R. 2454 is a cap and trade program to control harmful carbon dioxide emissions and lower costs of the overall bill. Unlike a carbon tax, the cap and trade model provides businesses and corporations with the most flexibility, enabling market-driven forces to minimize overall costs and achieve maximum efficiency in reducing emissions. This model has been successful in curbing other pollutants in the past. The Acid Rain Program, established under Title IV of the 1990 Clean Air Act Amendments, utilized a cap-and-trade program and dramatically reduced sulfur dioxide and nitrogen oxide emissions at a cost far less than estimated. The Environmental Protection Agency under President George W. Bush estimated the benefit-to-cost ratio of the sulfur dioxide cap-and-trade program at 40-1. Praised by businesses and environmental groups alike, cap-and-trade programs offer a pragmatic approach that meets both our economic and environmental goals.
Frankly, I am appalled by the ignorance of the counter argument offered up by Senator Ben Cardin. This man is simply not up to the task of being a Senator in a Congress whose powers are highly limited by the Constitution, where he might focus his attention on a much smaller number of issues and actually have a chance to learn something about them. As a member of a Congress which ignores all of the limits to its power placed upon it by the Constitution he has placed a much, much greater burden of understanding upon himself than he is up to. This man has abrogated the powers of a God unto himself and his oligarchical partners in power, but he is not even a man of remarkable wisdom and knowledge. This is a tragic situation for the sovereign people of these United States of America.
The Framers of the Constitution, being much better men than Ben Cardin, had a wise understanding of their limits and the limits that could be expected of our federal legislature and, for that matter, the presidency in the future. They would not give themselves anywhere near the amount of power that Ben Cardin and his like have taken upon themselves. They knew that Ben Cardin was a problem and they did their best to give us a Constitution which would prevent his rise to power. Americans have failed those wise men who gave us this great gift by refusing to understand this relatively easily understood document and by refusing to live by its principles of good government. A democracy of ignorant, unprincipled people will always fall into a state of tyranny, ruled by the likes of Ben Cardin and then later by the likes of even worse men.
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