On the recordMarch 6, 2019
Mr. President, the more you look at the Green New Deal, the worse it looks. Last week, one think tank released a first estimate of what the Green New Deal would cost. Here is the answer: between $51 trillion and $93 trillion over 10 years. Between $51 trillion and $93 trillion. That is an unfathomable amount of money. The 2017 gross domestic product for the entire world, for the whole planet, came to $80.7 trillion--more than $10 trillion less than what Democrats are proposing to spend on the Green New Deal. Mr. President, $93 trillion is more than the amount of money the U.S. Government has spent in its entire history. Since 1789, when the Constitution went into effect, the Federal Government has spent a total of $83.2 trillion. That is right--it has taken us 230 years of American history to spend the amount of money the Democrats want to spend in 10 years. Look at it this way: $93 trillion is enough money to buy more than 7,000 Ford-class aircraft carriers. To put that in perspective, guess how many aircraft carriers the Navy currently has in its entire fleet. Eleven. It is like the Democrats are playing pretend. It is like they are on a road trip, and they are trying to pass the time, and they say, ``What would you do if you won the lottery?'' or ``What would you do if you had all the money in the world?'' It is a fun game to play for a few minutes, but this is not a game. The government doesn't have all the money in the world.…
Source
govinfo.gov




