Posted by
Miguel on Thursday, May 15, 2008 8:18:15 AM
...will trade for more nuke plants thank you
Climate-control absurdity! So how would Lieberman-Warner affect our economy? Start with something we can all relate to: personal income. Under the bill, income in the U.S. would drop significantly, starting in 2012, from a decline of more than $30 billion that year to $121.9 billion in 2016. Or, to put it another way: All other things being equal, by 2016, the annual household income for a family of four would fall by $1,494 – about what that family pays now for two months of food. Gross domestic product would start to take a nosedive in 2012 as well. By 2030, GDP would be $436 billion less than it would be if the bill hadn't become law.