Sunday, April 5, 2009

Recession may delay U.S. bill on emissions limits

The next big topic for debate is the cap and trade bill now that the budget has been dealt with. I agree that it is important to move forward in the future and create better uses of our limited energy resources especially given on how dependent we are on a system that may not be the most beneficial to our health or the environment. However, the massive amount of spending that is going to need to take place to put a plan like this into action has me questioning whether the timing is right for a bill such as this to be enacted. When we talked with former Senator Bayh, he stated that it is better to front the cost right now for the betterment of the future and I can definitely see his point in needing to bear the costs ahead of time so we don't come into a situation like the automobile industry is in right now. Yet, I just do not know how a representative from a state like Indiana would be able to convince his constituents that energy reform in the cap and trade form is the best way to circumvent problems in the future. I know I would have a hard time believing that type of argument with the amount of money that has already been spent by the government in the past year. At some point we are going to have to worry about the debt we are accumulating and maybe an initiative like cap and trade is something that should be tabled for a couple of years until we get out of our recession.

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