Post image for An Added Benefit of Cut, Cap, and Balance — It Would Make Enacting Climate Legislation “Virtually Impossible”

Socialism is such fun — until the other guy’s money runs out. At that point, even spendaholics may sober up and make tough choices. Irony of ironies, Washington’s fiscal excesses may put the final nail in the coffin of cap-and-trade.

A new study by the Center on Budget and Policy Priorities finds that GOP proposals to address the nation’s fiscal crisis, all of which cap federal spending at some percentage of GDP, would make climate legislation — whether cap-and-trade or a carbon tax — “virtually impossible to enact.”

The more severe the spending cap, the more it would “doom efforts to enact comprehensive climate change legislation,” even if the climate bill would not increase the deficit. The report’s authors lament the fact that spending caps would make the political obstacles to climate legislation “almost insurmountable.” It’s music to this non-socialist’s ears. [click to continue…]