Economic Suicide to Save a Planet That Doesn’t Need to be Saved.

by Rush To Reason | Aug 10, 2022 | Biden Administration, CO2 Coalition, Energy Prices, Enviorment, EVs, Gregory Wrightstone, Inflation, Uncategorized

Ecosystems are Thriving and Prospering, Vegetation is Exploding

V.P. Harris cites climate ‘crisis,’ and pushed for $1B for floods, storms, and extreme heat. They are pushing for economic suicide to save the planet that doesn’t need to be saved.

WATCH: Kamala Harris announces $1 billion to states for floods, extreme heat.

The “Inflation Reduction Act” will most likely become law by the end of the week, which will just add to inflation and really hurt us economically because the thing that they’ve got in here for “green energy” is everything but green. When they talk about renewable energy they don’t talk about what’s called the Levelized cost of energy. They don’t look at the entire life cycle. This bill is a disaster.

Interview with CLIMATE CHANGE ANALYST: Gregory Wrightstone.

They [Leftists] want us to use wind and solar, which are unbelievably expensive for the amount of BTUs created.

“… And all of these enormous, absolutely incredibly enormous natural gas reserves, we can’t get the gas out because all these pipelines are being shut down by permitting problems and mainly lawsuits from environmental companies. They’re being shut down.” – Gregory Wrightstone

“And we’re going to spend a lot of money, have a lot of inflation, and have a lot of disappointment at the end of the day when this is all said and done.” – John Rush

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Video: CO2 & Climate: A Boon to Indian Agriculture

Gregory Wrightstone

Geologist and Executive Director of the C02 Colation

Gregory Wrightstone is a geologist and the Executive Director of the CO2 Coalition in Arlington, Virginia. He is the bestselling author of “Inconvenient Facts: The Science that Al Gore doesn’t want you to know,” … with more inconvenient facts.

(Photo credit: Twitter)

Gregory Wrightstone

Geologist and Executive Director of the C02 Colation

Gregory Whitestone is a geologist and the Executive Director of the CO2 Coalition in Arlington, Virginia. He is the bestselling author of “Inconvenient Facts: The Science that Al Gore doesn’t want you to know,” … with more inconvenient facts.

(Photo Credit: Twitter)

“Your listeners are being sold a bill of goods on this, and they’re being lied to on a daily basis about climate change. And it’s my mission in life, It’s my mission to expose, the fallacies of climate alarmism.” – Gregory Wrightstone

The Sticker Shock of Inflation

by Rush To Reason | Aug 9, 2022 | American Consumer Institute, Energy Prices, Enviorment, EVs, gas prices, Government, Inflation, Tirzah Duren, Uncategorized

The Average U.S. household is seeing its cost of living rise by about

$4,400 a year. – Inflation is Expensive.

The American Consumer Institute released a report entitled, “The Recent Causes of Inflation and Adverse Consequences for Consumers.” They looked at a couple of the multiple factors that can contribute to inflation, and they specifically focused on three.

How the stimulus increased demand and pulled the prices up, how regulations can increase costs for consumers, and last but certainly not least, they focused on how energy can drive prices up through the entire supply chain. All of these factors combined contributed to inflation growing faster than wages, which eats away at the purchasing power of the American consumer.

An Interview with Tirzah Duren: Policy Analyst for The American Consumer Institute.

Rising Inflation From Covid Stimulus, Regulations, and Energy Costs.

“When you look at the overall cost of energy prices, they have increased over 40% as of June. And when you look at the energy and transportation costs, this is really hurting the low-income consumer who has less disposable income to begin with. And when you break it down by income group, the increased cost in energy and transportation amount to almost 80% of expenses households under $15,000 and yes, that’s a lower threshold, but it’s a massive increase for the people who really can afford it the least.” – Tirzah Duren

“I’m just kind of a common sense guy that you could look at what was happening all the way back from the beginning of Covid and some of the stimulus things we were doing, the shutting down of industries and so on. I mean, if you looked at all of that, to me it was just a sign that buckle up, you’re going to see inflation like we haven’t seen in quite a long time. And the reality is we’re here. It happened.” – John Rush

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Tirzah Duren

Policy Analyst for the American Consumer Institute

Tirzah Duren is a Policy Analyst for The American Consumer Institute. She brings an interdisciplinary approach to policy, having received her B.A. in Anthropology from Eastern Oregon University and her M.A. in International Studies from the University of San Francisco. Tirzah has professional experience in economic research departments across various think tanks. (Photo Credit: Twitter)

Tirzah Duren

Policy Analyst for the American Consumer Institute

Biden’s so-called “Inflation Reduction Act”

by Rush To Reason | Aug 8, 2022 | Government, Inflation, IRS, Jersey Joe, Taxes, Uncategorized

Biden’s so-called “Inflation Reduction Act” includes $79.6 billion over the next 10 years to hire another 87,000 IRS agents.

They claim this will generate $203.7 Billion in incremental tax revenues over the next ten years for a projected net positive impact of $124 Billion. This is more than 100% of the current Congressional Budget Office (CBO) estimate of $102 Billion in deficit reduction over the next ten years (a mere $11 Billion per year).

“This is not about inflation reduction, this is all about Democrats spending on things they want to spend money on. I’m not going to support it. I don’t think any Republicans are going to support it. Why is that? Well, it’s another taxing and spending bill,” said Sen. Mitt Romney of Utah in response to the bill.- ABC News

Quote from CBO after concessions were made in the legislation to get Senator Krysten Sinema to agree to support it:

“On August 5, 2022, CBO issued a revision to the table published on August 3, 2022, to include estimates of spending for sections 13601 and 13802. As a result, the updated estimate of the deficit reduction was lowered by $11.0 billion over the 2022-2031 period. CBO’s estimate of H.R. 5376, the Build Back Better Act, as passed by the House of Representatives on November 19, 2021, also did not include an estimate of the spending that would result from enacting a similar provision, section 136701. As a result, the estimated deficit for that piece of legislation also would be different, but CBO has not finished its estimate of that spending.” – CBO

So putting aside the unresolved issue of how much this new spending will add to the US annual rate of inflation, one of the other big questions is this:

What if the estimates of how much (illegal) tax evasion by those making over $400,000 in adjusted gross income is actually wildly overblown and only a small portion of the $203.7 billion of the projected increase in incremental tax revenues (Roughly $20 billion per year) materializes? Will Biden cut those 87,000 new agents if it turns out they aren’t really paying for themselves in the form of increased tax revenues? Has any Democrat President in history ever reduced the number of Federal employees (who, as a group, overwhelmingly vote Democrat)?

Oh, and of course, unlike corporations which are required to include as an annual business expense (and to pay into a trust fund annually) any earned & accrued pension benefits for any employee who has a defined benefit pension plan (like all government employees have), the Federal Government is not required to recognize that pension liability expense when calculating the cost of hiring & paying new employees. So will those 87,000 new IRS agents ultimately cost the Government more than the projected $79.6 Billion? The answer is not only a yes but “Yes, WAY MORE” when you take into account their earned (but unrecognized) pension benefits.

Submitted by Jersey Joe.

In Case You Missed It: Sally C. Pipes, president and CEO of the Pacific Research Institute, discussed the Senate Reconciliation Bill with John on Thursday, August 4, 2022.

Economic Suicide to Save a Planet That Doesn’t Need to be Saved.

Ecosystems are Thriving and Prospering, Vegetation is Exploding

Interview with CLIMATE CHANGE ANALYST: Gregory Wrightstone.

They [Leftists] want us to use wind and solar, which are unbelievably expensive for the amount of BTUs created.

Follow!

Share!

Gregory Wrightstone

Gregory Wrightstone

The Sticker Shock of Inflation

The Average U.S. household is seeing its cost of living rise by about

$4,400 a year. – Inflation is Expensive.

Rising Inflation From Covid Stimulus, Regulations, and Energy Costs.

Follow!

Share!

Tirzah Duren

Tirzah Duren

Biden’s so-called “Inflation Reduction Act”

Biden’s so-called “Inflation Reduction Act” includes $79.6 billion over the next 10 years to hire another 87,000 IRS agents.

Quote from CBO after concessions were made in the legislation to get Senator Krysten Sinema to agree to support it:

So putting aside the unresolved issue of how much this new spending will add to the US annual rate of inflation, one of the other big questions is this:

Show Notes & Blog