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View Diary: Climate change impacts will kick our butts, and the poor will get it worst (99 comments)

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  •  If you're saying $1 trillion ANNUALLY... (0+ / 0-)

    ...I agree. But if you're saying $1 trillion over a decade, nuh-uh.

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Mon Mar 31, 2014 at 03:59:19 PM PDT

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    •  Now we're talking. You may be right, I may be righ (1+ / 0-)
      Recommended by:
      Calamity Jean

      but we cant know until we try. And we can't try until We talk about the possibility. And the possibility is never brought up because of the reasons I mentioned.

      With all that said....

      I wonder which of our guesses would be more accurate?

      Let me lay out a few points for my side:

      1) Govt spending is always be just a part of the overall spending a given program will generate. For example, If the Govt announced a $100 billion per year investment into solar and wind power, that amount of money will be multiplied by all the private sector investment needed to make a profit servicing that increased demand. And make no mistake, $100 B is ALOT of demand. Last year we spent just over $4B, so that would be 25X more spending.

      http://www.washingtonpost.com/...

      Keep in mind that with $4B in Govt spending on renewables last year, this was leveraged up additional $30 B in private sector investment.

      http://www.dailytech.com/...

      So a 25X increase in Govt spending to $100B would most likely be followed by even more private sector profit seekers.

      2) The classic economic example that as demand and production increase, prices due to manufacturing efficiencies generally come down. Solar and wind are already competitive in some areas and with this much increased investment, its only a matter of time until its cheaper than gas everywhere and at that point the market will do alot of the heavy lifting.

      "The Earth is my country and Science my religion" Christiaan Huygens. The gold standard ended on August 15, 1971, its time we start acting like it. If we can afford full employment killing Germans, we can afford full employment during peace-time.

      by Auburn Parks on Mon Mar 31, 2014 at 05:00:23 PM PDT

      [ Parent ]

      •  Renewables need an upgraded transmission... (1+ / 0-)
        Recommended by:
        Calamity Jean

        ...grid, we need an infrastructure that will electrify all the nation's railroads, getting more electric cars on the road via tax incentives, a mass of charging stations at public facilities for electric vehicles, massive expansion of intracity and intercity public transit (buses, light rail, heavy rail and high-speed rail). At the very least, hundreds of billions each year for the first few years.

        Don't tell me what you believe, show me what you do and I will tell you what you believe.

        by Meteor Blades on Mon Mar 31, 2014 at 05:51:09 PM PDT

        [ Parent ]

        •   You are absolutely right blades. So much would (0+ / 0-)

          go into becoming 100% renewable. I was just trying to point out that public investment spending naturally gets leveraged up by the private sector as private dollars look to invest in that growth area and try and capture this growth as profit.

          So what if its $1 trillion over 5 years instead of 10? Inflation from too much spending in the economy is so far away $200 B a year in new deficit spending would barely even budget the needle seeing as median household income is basically 50% of where it would be had it continued to follow its historical path in accordaance with increasing productivity levels.

          And not to mention that we can save our current way of life for future generations, so theres that too.

          "The Earth is my country and Science my religion" Christiaan Huygens. The gold standard ended on August 15, 1971, its time we start acting like it. If we can afford full employment killing Germans, we can afford full employment during peace-time.

          by Auburn Parks on Mon Mar 31, 2014 at 06:49:46 PM PDT

          [ Parent ]

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