Pelosi trashes AOC’s socialist legislation; ‘The green dream or whatever they call it’

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House Speaker Nancy Pelosi, perhaps inadvertently, utterly trashed Rep. Alexandria Ocasio-Cortez’s “Green New Deal.”

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The New York lawmaker released the legislation, co-authored by Sen. Ed Markey, D-MA, on Thursday through National Public Radio, and it’s already created a firestorm.

When asked about the legislation, Pelosi referred to it as the “Green Dream” and dismissed it as “whatever they call it.”

Here’s what Pelosi said:

Pelosi said Wednesday, however, the panel would not be tasked with writing a specific bill, and brushed off the idea of the Green New Deal as a “suggestion.”

“It will be one of several or maybe many suggestions that we receive,” Pelosi said. “The green dream or whatever they call it, nobody knows what it is, but they’re for it right?”

Ouch! That’s not exactly a ringing endorsement.

For starters, the legislation calls for taxpayers to foot the bill for “every building” in the United States to be “updated” or “replaced.”

The socialist “Green New Deal” begins by claiming “human activity is the dominant cause of observed climate change over the past century.”

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The Green New Deal will require the U.S. to eliminate “pollution and greenhouse gas emissions” and meet “100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources” within 10 years.

Ocasio-Cortez and Markey go on to argue that the United States will lose $500 billion in annual output by 2100 due to climate change.

If true, that’s a very tiny percentage compared to the estimated $7 trillion that the “Green New Deal” will cost taxpayers to implement.

In fact, a recent study from PJ Media found that the estimated $7 trillion projected cost is woefully low, and that it could cost nearly $50 trillion, which would be roughly seven times more than that.

According to an eye-popping PJ Media analysis based on a new report from Power the Future, the “Green New Deal” proposed by democratic socialist Rep. Alexandria Ocasio-Cortez (D-N.Y.) would cost more than 8,000 times as much as President Donald Trump’s border wall.

The “Green New Deal” will cost approximately $49.109 trillion in the first ten years, enough to fund Trump’s border wall 8,616 times over. The president is requesting $5.7 billion for the wall.

PJ Media calculated the cost of the “Green New Deal” by integrating each of the cost aspects involved in a Power the Future analysis and calculating their cost for the U.S. over about ten years — and in one case through 2050.

Ocasio-Cortez has several other ideas that would likely bankrupt the nation.

She still cannot explain how to pay for her $40 trillion “Medicare for all” plan that would likely bankrupt the country over time.

A recent study from the Mercatus Center at George Mason University found that the “Medicare For All” socialist giveaway plan would increase government healthcare spending by $32.6 trillion over 10 years.

The plan is often referred to as “single payer” by other Democrats, which means the federal government essentially swallows up the entire health market.

While getting “free” Medicare, jobs, and health benefits sounds appealing, notable socialists like Ocasio-Cortez fail to mention how taxpayers will be stuck footing the $32.6 trillion bill.

All that “free” stuff Ocasio-Cortez keeps promising sure is expensive.

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Source: MediaEqualizer

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