MSNBC anchor Chris Hayes cited a potential $800 billion in proposed economic stimulus money as proof the United States could afford a Green New Deal that would cost tens of trillions of dollars.
“BREAKING: We can, of course, afford a Green New Deal. That’s been true all along,” Hayes tweeted, linking to a report that President Donald Trump will ask Congress for an $800 billion stimulus package to respond to the coronavirus.
BREAKING: We can, of course, afford a Green New Deal. That’s been true all along. https://t.co/NRsOLF87H1
— Chris Hayes (@chrislhayes) March 17, 2020
What would constitute a Green New Deal varies among Democratic politicians and pundits, but it generally refers to a proposed package of legislation for combating climate change. A version floated by Rep. Alexandria Ocasio-Cortez (D., N.Y.) and Sen. Ed Markey (D., Mass.) last year carried one estimated price tag of $94 trillion and called for an “economic transformation,” a complete overhaul of transportation systems, and retrofitting every building in the United States. In comparison, an $800 billion economic stimulus would account for 0.85 percent of the cost of Ocasio-Cortez and Markey’s proposed legislation. – READ MORE
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