A. Siegel: CBO gets it wrong on climate legislation

The Congressional Budget Offie has come out with an evaluation of climate change legislation that pegs the cost at just $175 per household, per year. This is being trumpeted by legislation supporters as great news. I've got news for you. The CBO is wrong, potentially seriously wrong. And, bill supporters are wrong, potentially seriously wrong. In fact, the CBO excluded so many factors from its analysis that it is almost hard to take it seriously. And, almost without exception, the excluded factors bring benefits to America and Americans. In other words, an honest and full analysis of this bill would not leave it at a cost ... but as a benefit. ACES won't cost US. This energy and climate legislation will benefit the US (and all of us). A quick background re perspective Well, I am (at best) lukewarm on how the Waxman-Markey American Clean Energy and Security (ACES) Act has evolved. It violates basic principles for climate legislation , unreasonably rewards (and ... (link)