“A little sleep, a little slumber, a little folding of the hands to rest, and poverty will come upon you like a robber, and want like an armed man.” Proverbs 6:10-11 (ESV).
My name is Abraham Hamilton, III and this is The Hamilton Minute.
Economist Douglas Holtz-Eakin, former director of the Congressional Budget Office from 2003-2005, calculated how much “The Green New Deal” would cost the American People.
He projects it could cost $93 trillion dollars over a 10 years. That is $650,000/ per U.S. household.
To contextualize the scope of that number, the total GDP for the entire world in 2018 was $84 trillion.
This Green Dream is more expensive than the value of the entire world’s goods and services.
Let that sink in.
