This Bailout Will Be Even Larger
Are you upset with the federal Wall Street bailout plan? Do you think too much money was given away? You havenâ€™t seen anything yet. How about a slightly larger bailout each year until the year 2050? Itâ€™s expected that the total cost to fight global warming, including significant cuts in carbon dioxide output, could run into the trillions of dollars – $45 trillion to be exact – from now until the year 2050. Thatâ€™s, on average, 1.1% of annual global GDP over the period.
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