Thursday, June 25, 2009

This news has me worried

I read something today that is really disturbing. It was about the national energy tax that may get passed tonight and if it does it is going to hurt us all.


This national energy tax would possibly be the largest tax increase in American history, cause gas and electricity prices to skyrocket, and add to our already spiraling federal deficit.

The energy tax would:

1. Reduce aggregate gross domestic product (GDP) by $9.6 trillion
2. Destroy an average of 1-3 million jobs, every year
3. Raise electricity rates 90 percent after adjusting for inflation
4. Raise inflation-adjusted gasoline prices by 74 percent
5. Raise residential natural gas prices by 55 percent
6. Raise an average family's annual energy bill by $1,500 annually
7. Increase the federal debt by 26 percent, which is $29,150 per person

Dan Varroney


I try to keep my blog upbeat and positive, but sometimes I hear something that bothers me and this energy tax bill is one of them. The powers that be are making laws and rules that are hurting our country and we the citizens will suffer the consequences.

May God have mercy on us all. We may be in for some really rough times. If so, may we be given the grace and strength to keep on living each day with peace and dignity.


Musings from FL zone 10


Dirt Princess said...

Yep we all need to pray, I for one don't feel that our country is in the bes tof hands, so we just have to pray. I can barely pay my power bill now.....

L. D. Burgus said...

Not only does it scare me, it also disgusts me. When a tree is threatened in Brazil, our money is going to be rushed down there to save it. Our agricultural industry will be affected, your food costs will be affected, and our coal burning plants will never be opened to create electricity. They shut down their construction as soon as the new administration was elected and walked away. We have unlimited resources, including coal, but it is going to stay in the ground. This whole thing is far more complicated than a congress who won't read the bill, wants to pass it on Friday but have to hurry to pass it, so they won't get checkmated in another year. We are never going to run a car on wind energy..