Sep 10, 2011

The Alarming Cost Of Climate Change Hysteria

The U.S. Government Accounting Office (GAO)  can't figure out what benefits taxpayers are getting from the many billions of dollars spent each year on policies that are purportedly aimed at addressing climate change. http://www.nemov.net/Art/nojoke.jpgA May 20 report noted that while annual federal funding for such activities has been increasing substantially, there is a lack of shared understanding of strategic priorities among the various responsible agency officials. This assessment agrees with the conclusions of a 2008 Congressional Research Service analysis which found no "overarching policy goal for climate change that guides the programs funded or the priorities among programs." According to the GAO, annual federal climate spending has increased from $4.6 billion in 2003 to $8.8 billion in 2010, amounting to $106.7 billion over that period. The money was spent in four general categories: technology to reduce greenhouse gas emissions, science to understand climate changes, international assistance for developing countries, and wildlife adaptation to respond to actual or expected changes. Technology spending, the largest category, grew from $2.56 billion to $5.5 billion over this period, increasingly advancing over others in total share. Data compiled by Joanne Nova at the Science and Policy Institute indicates that the U.S. Government spent more than $32.5 billion on climate studies between 1989 and 2009. This doesn't count about $79 billion more spent for climate change technology research, foreign aid and tax breaks for "green energy." - Read full at YahooNews
GOA report here