In this series, a loss of an elderly during a heat wave, the loss of a house during a fire or a flood and coastal erosion, selected events are presented playing first and foremost on the emotional and not the rational.
The CBC is now launching a full effort called “In our Backyard” in order to ramp up the climate issue. The CBC now for months has been promoting the climate change agenda, in particular since the Trudeau Liberals are up for re-election. And most people have no idea they were fooled. you wrote to yourself has any value? Yet, as strange as this sounds, this is exactly what the government did. It’s as if you had borrowed money to yourself and then spent it. Where do you think the Federal Government is going to get that money go pay them back? They will either have to raise taxes, or cut other programs, or likely both.Īll this time the Feds pretended that they had “invested” the excess FICA taxes, but really they just moved it from one pocket to another. Now, with more Baby Boomers retiring the SSA does not collect enough in FICA taxes anymore to meet it’s monthly obligations, so it will have to start cashing in those I.O.U.s to make up the difference. The Feds then spend that money however they wished (it just went into the general fund). It borrowed the excess to the Federal Government, which gave them a fancy looking I.O.U. Just to make this really simple: the Social Security Administration for years collected more money in FICA payroll taxes than it needed. Read the full piece by the LA Times Editorial Board here. If the water supply is cleaned, that will reduce vehicle emissions.īy that ludicrous logic, California could pay for expanded Medi-Cal benefits with cap-and-trade dollars too, because if people have preventive healthcare, they’ll get sick less and drive to the hospital less and produce fewer greenhouse gases. So how do leaders justify using cap-and-trade dollars for water cleanups? Newsom’s office said that communities with tainted water need bottled water delivered in trucks that pollute the air. Of course the money is supposed to be used for greenhouse gas or other climate disaster mitigation. Instead, lawmakers plan to fund the much-needed water cleanups with $100 million a year in cap-and-trade dollars - money that is paid to the state by polluters and which is legally required to be spent on projects to reduce the greenhouse gases responsible for global warming. Who needs to get money when there’s this big pile over there. Gavin Newsom’s controversial “water tax” that would have raised $140 million a year to help low-income communities finally clean up their contaminated water systems. They needed money but were too frightened politically to be honest about it.Īs part of the budget negotiations, lawmakers shelved Gov. Well, California lawmakers are about to prove those critics right. They say that politicians are able to dip into it to fund their pet projects or raid it to fill the shortfall of the moment - as long as they can assert a mildly credible connection between the spending and the state’s ambitious goals to fight climate change. For years, critics of California’s cap-and-trade program have lambasted it as a government slush fund.