Cory Booker Blows Off Hefty Price Tag of Green New Deal

This lie that’s being put out—that somehow being green and responsible with the environment means you have to hurt the economy…

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Cory Booker/IMAGE: ABC via YouTube

(Kaylee McGhee, Liberty Headlines) Presidential hopeful Sen. Cory Booker, D-N.J., said it’s false to say the socialist Green New Deal plan is too expensive.

The proposal—co-sponsored by Rep. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Ed Markey, D-Mass., would install a variety of big-government programs to include social welfare, massive infrastructure upgrades and the elimination of greenhouse gas emissions—which would effectively overhaul the entire American economy.

“The Green New Deal resolution is a 10-year plan to mobilize every aspect of American society at a scale not seen since World War 2 to achieve net-zero greenhouse gas emissions and create economic prosperity for all,” the policy framework states.

The costs of implementing the plan would be astronomical, as most Republicans have pointed out.

The estimated price tag of the Green New Deal is about $7 trillion. By comparison, the entire gross domestic product of Japan (the world’s third wealthiest country after the U.S. and China) was $4.8 trillion in 2017, according to the World Bank. The U.S. GDP was $19 trillion. The current national debt is around $22 trillion, or roughly $180,000 per person.

But that’s assuming the projected cost isn’t overly optimistic. The proposal says infrastructure upgrades alone would amount to $4.6 trillion, without even factoring in the green-friendly upgrades to every building in the U.S., the implementation of high-speed rail systems and the elimination of valuable energy sources like fossil fuels that drive the economy.

The Wall Street Journal recently reported that it cost nearly $2,000 per apartment for the New York City Housing Authority to switch to LED lighting.

When asked about the report, Booker said it’s good to have a bold plan for change to “revive your economy and create a bold green future.”

He claimed, without evidence, that criticism and skepticism over the cost of the plan and its impact on the economy were untrue.

“This is the lie that’s going on right now,” Booker told Fox News at a campaign event, when asked about the expense of the program. “This lie that’s being put out—that somehow being green and responsible with the environment means you have to hurt the economy—a lie.”

In addition to the cost, some Republicans, like Rep. Liz Cheney, R-Wyo., have observed that the impacts on American lifestyles and the hidden implications of some of the proposals would be tough sells once people truly understand them.

“It’s going to be crucially important for us to recognize and understand when we outlaw plane travel, we outlaw gasoline, we outlaw cars—I think actually probably the entire U.S. military—because of the Green New Deal that we are able to explain to our constituents and to people all across this country what that really means,”  Cheney said during a committee hearing. “… I guess that means our colleagues from California are going to be riding their bicycles back home to their constituents.”