GOP Members of Congress Unveil ‘No Cost Stimulus’ Bill
cnsnews.com ^ | March 13, 2009 | Edwin Mora
Five conservative Republicans – three from the House and two from the Senate — have introduced a “common sense” economic stimulus package that includes energy proposals tthey say will boost the economy without adding to the national debt.
The “no-cost stimulus plan” calls for expanding offshore oil and gas production and leasing the Alaska National Wildlife Refuge (ANWR) to oil and gas producers, which in turn would generate new federal revenue.
“This is an energy plan involving both traditional and renewable energy that can create significant jobs, significant economic growth without costing the U.S taxpayer one cent and without having to borrow more money,” Sen. David Vitter (R-La.) said during a Capitol Hill news conference.
The plan also would allow commercial leasing of oil shale as long as there is a profitable interest, expedite the nuclear plant licensing process and prevent the Environmental Protection Agency from using the Clean Air Act as “ammo” to enforce carbon dioxide regulations.
If adopted, Vitter said the plan would provide “well over 2 million long-term sustainable and well-paying jobs,” and would “dramatically increase GDP” — by approximately $8.2 trillion over the next 30 years – in addition to reducing the cost of energy.
Best of all, the Louisiana senator pointed out, the stimulus would create those jobs at no cost to taxpayers.
(Excerpt) Read more at cnsnews.com …
