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What are the pros and cons of The Green New Deal? Show more Show less
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To address the gravity of the climate crisis in the United States, some politicians created a plan called the Green New Deal. The goal of this plan, broadly speaking, is to create a healthy environment for future generations to call home. However, there are numerous positions on the Green New Deal.

The drawbacks of the Green New Deal Show more Show less

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The Green New Deal will increase the deficit in the United States

A total change from fossil fuels to renewable energies would cost the United States trillions of dollars. This would only add to the deficit, and cuts to other vital programs would be necessary for the Green New Deal to become a reality.
Economy Environment Green New Deal Politics
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The Argument

As of 2020, the United States has a deficit of 3.1 trillion dollars.[1] The Green New Deal, as proposed by Congressional Representative Alexandria Ocasio-Cortez and Massachusetts Senator Ed Markey, would cost the United States government approximately 10 trillion dollars.[2] This increase in federal spending would balloon the United States’ deficit. Additionally, the Green New Deal would cost the American consumer much more than they currently pay. Energy bills for the average household would increase across the country. Families would also be left with the costs of converting to new and costly energy sources.[3] The Green New Deal would increase the United States' deficit and cost American families.

Counter arguments

While there is no denying that the Green New Deal's upfront costs would increase the United States' deficit, the long-term benefits would expand the US economy over the years and offset those deficit-increasing costs. By the United States making these changes alone, world expenses related to climate change would be reduced by approximately 3.3 trillion dollars annually.[4] Additionally, the Green New Deal would net two million jobs in the United States.[5] That would lead to Americans having more money in their pocketbooks and more spending, which would boost the American economy and reduce the deficit.

Proponents

Premises

Rejecting the premises

References

  1. https://bipartisanpolicy.org/report/deficit-tracker/
  2. https://www.marketplace.org/2020/10/08/why-its-hard-to-put-a-price-tag-on-plans-like-the-green-new-deal/
  3. https://www.heritage.org/environment/commentary/its-not-just-about-cost-the-green-new-deal-bad-environmental-policy-too
  4. https://news.stanford.edu/2019/03/28/strengths-weaknesses-green-new-deal/
  5. https://news.stanford.edu/2019/03/28/strengths-weaknesses-green-new-deal/
This page was last edited on Sunday, 15 Nov 2020 at 02:28 UTC

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