Warming Bill Would Add Thousands of Bureaucrats


Yet another reason to oppose the Waxman/Markey Cand and Trade scheme…

The House-passed climate change bill, if enacted, would expand the federal government so much that it would take billions of dollars and thousands of new employees to implement, according to the Washington Times.

Federal agencies such as the Environmental Protection Agency, the Commodity Futures Trading Commission and the Federal Energy Regulatory Commission would greatly expand in order to handle the expanded responsibilities. Congress would have to appropriate billions of dollars for more bureaucrats, much of which is not reflected in the House bill.

The nonpartisan Congressional Budget Office said the government’s expansion would cost $8 billion over a 10-year period. For the bill to operate effectively, nearly 1,500 regulations and mandates would have to be approved for at least 21 federal agencies. The rule-making process alone would take years.

One provision would almost overnight create the nation’s largest commodity market in which polluters would buy and sell rights to emit carbon dioxide. These rights – called allowances – are at the heart of the measure, which seeks to slash the amount of greenhouse gases by forcing polluters to curb their emissions or pay for the right to pollute.

“It could be a $2 trillion market within five years,” said Bart Chilton, commissioner of the Commodity Futures Trading Commission.

The Environmental Protection Agency, which would oversee pollution regulation, also would balloon in size. The agency regulates 330 million tons of pollution a year but would regulate 6 billion tons of carbon dioxide emissions a year from 7,400 facilities under the legislation.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: