The Green New Deal has been unrolled by the Democrats and it is just as crazy as one might imagine. A FAQ that accompanied it, since vanishing as it was widely ridiculed, has this stunning proposal: Economic security for all who are unable or unwilling to work. Yep, layabouts will be put on the government dole. Fortunately the internet is forever. Go here to read the FAQ. I confess to some sympathy for economic protection for those unwilling to work. Toiling in the law mines, sometimes up to 15 hours a day, can be a true downer. How much more pleasant if I could follow my bliss and simply blog to my heart’s content. I wouldn’t be greedy either. 200k a year from Uncle Sucker is all I would need.
I can hear the skeptical guffaws out there. How would all this be paid for?
With unicorn snorts and pixie dust of course. Hey, the FAQ has that minor problem covered:
How will you pay for it?
The same way we paid for the New Deal, the 2008 bank bailout and extended quantitative easing programs. The same way we paid for World War II and all our current wars. The Federal Reserve can extend credit to power these projects and investments and new public banks can be created to extend credit. There is also space for the government to take an equity stake in projects to get a return on investment. At the end of the day, this is an investment in our economy that should grow our wealth as a nation, so the question isn’t how will we pay for it, but what will we do with our new shared prosperity.
So there, O ye of little faith.