President Obama’s “historic” agreement with China on climate change will cost you more money. Not only will it raise energy costs for all Americans, it will weaken our economy and decrease our nation’s competitive advantage.
Heritage Foundation expert Nick Loris explains the absurd logic of the deal:
China’s commitment to reduce greenhouse gas emissions is akin to a pledge from a broke, addicted gambler to his bookie to pay later. China is telling the United States to make the economic sacrifices and restrict its energy use now, and China will start reducing its emissions beginning in 2030.
What do you think of President Obama’s climate deal?