https://apps.npr.org/documents/document.html?id=5729035-Green-New-Deal-FAQYesterday the office of Congresswoman Alexandria Ocasio-Cortez unveiled a plan for a 'Green New Deal', a set of goals to reach within 10 years.
It lays out a comprehensive policy vision for how to transform the US economy, infrastructure and social system to achieve a 'Green' country.
Some highlights from her modest proposal. And yes, this is her real proposal, and she is a congresswoman, and this is real:
- Refit every single one of the ~170 million+ structures in America to be state of the art energy efficient.
- Replace all ~300 million+ internal combustion engine passenger vehicles, work vehicles and equipment to be electric.
- Repair and upgrade all US infrastructure and industry
- Replace the entire US electrical grid with a 'smart grid'
- Eliminate all cow farts and airplanes
- Replace all domestic air traffic with high speed rail lines (Mazie Hirono interjected at this point to add "That would be pretty hard for Hawaii")
- Provide public transportation to all Americans everywhere
- Create enough renewable energy production to provide for the entire US power grid with zero fossil fuels (estimates at covering 12% of the US landmass in turbines before the extra power needs of a fully electric society)
- End all domestic fossil fuel production, consumption and exports
- Guarantee economic security all Americans who are unwilling to work
Conservative estimates put the cost of this deal at ~$50 trillion over 10 years
before the new and more ambitious plan was announced, particularly with the last bullet point about providing for every non-working American. Given AOC considers $15/hr the minimum for a living wage and I can estimate ~99% of America would opt to stop working, that should be another ~$102 trillion on top of her plan, while simultaneously reducing the US GDP to ~0% of its current value. To fund her plan, her policy outline lays out how the entire project can be paid for via deficit spending, with the Federal Reserve extending credit to power these projects and the government being given equity stakes. I wasn't accounting for inflation over those 10 years, and while normally that would be ~2% yty I'd have to account for inflation under her monopoly money plan which we can estimate as about ~1,000,000% inflation rate like in Venezuela, so over those 10 years at a base rate of ~15.2 trillion per year her project might cost closer to 1.5215e+37 USD. This is a hard number to represent since metric prefixes only go up to Yotta at 10^24.