Perhaps you’ve heard about the Green New Deal? It’s freshman Congresswoman Alexandria Ocasio-Cortez’s revolutionary scheme to reinvent the entire American economy. She calls it “the Great Society, the moonshot, the civil rights movement of our generation.”
But look a little deeper and you’ll see different colors: the blue of progressivism and mostly the red of government spending and debt. The proposal calls for a breathtaking $90 billion in green initiatives.
Even mainstream Democrats are hesitant about this sweeping effort to reinvent the economy and eliminate income inequality. But media darling Ocasio-Cortez will make it front and center.
The first New Deal turns out not to have solved the Great Depression as we once thought. We hardly need a new one. Is it green? Yes. Is it utopian? Yes.
But mostly it’s the same old liberal blue of government spending and the red of more debt.Read More »