Issues & Insights

How does ‘Boss’ AOC plan to pay for her $93 trillion Green New Deal?

Environmentalism: Alexandria Ocasio-Cortez has declared herself “boss” of the “Green New Deal.” Maybe she can explain were the money will come from to pay its $93 trillion cost. Because taxing the rich won’t even scratch the surface.

At an event on Friday, Ocasio-Cortez complained about criticism of the Green New Deal — much of it coming from her own party — that it’s a pipe dream. Former Virginia Gov. Terry McAuliffe, for example, said that “there are things that are great goals, but are unrealistic.”

Ocasio-Cortez’s response: “Some people are like, ‘Oh, it’s unrealistic, oh it’s fake, oh it doesn’t address this little minute thing. And I’m like, ‘You try! You do it.’ ‘Cause you’re not. ‘Cause you’re not. So, until you do it, I’m the boss. How ’bout that?”

Try to do what? Come up with an equally unrealistic plan that would bankrupt the nation? Because that’s precisely what the Green New Deal would do.

Green New Deal’s Gargantuan Price Tag

A new analysis from the American Action Forum finds that the Green New Deal, as laid out by New York Rep. Ocasio-Cortez and Massachusetts Sen. Ed Markey, would cost up to $93 trillion in the first ten years.

(Read the rest here.)

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John Merline

Veteran journalist John Merline was Deputy Editor of Commentary and Opinion at Investor's Business Daily. Before IBD, he launched and edited the Opinion section of AOL News, and was a member of the editorial board of USA Today, where he continues to be a regular contributor. He’s been published in the Washington Post, National Review, Detroit News, Cleveland Plain Dealer, Forbes, and numerous other publications. He is regular commentator on the One America News Network and on local talk radio. He got his start in journalism under the tutelage of M. Stanton Evans.

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About Issues & Insights

Issues & Insights is run by the seasoned journalists behind the legendary IBD Editorials page. Our goal is to bring our decades of combined journalism experience to help readers understand the top issues of the day. We’re doing this on a voluntary basis, because we believe the nation needs the kind of cogent, rational, data-driven, fact-based commentary that we can provide. 




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