The Green New Deal
The Green New Deal is the latest buzzword in American politics. The idea has been floated by Alexandria Ocasia-Cortez and has become very popular amongst all Democrats. Almost all the Democrats who plan to run for President have come out in support of the Green New Deal. The idea has also found a lot of takers amongst left-leaning lawmakers and individuals.
At the same time, the idea of the Green New Deal has come under a lot of fire from Republicans who are equating it with socialism. In this article, we will have a closer look at the concept of the Green New Deal as well the economic impact it is likely to have.
What is The Green New Deal?
The New Deal was a historic program which was undertaken by President Franklin Roosevelt after the Great Depression. Under the new deal, the government of America spent a lot of money on infrastructure projects and other such reforms in order to prop up the economy.
The Green New Deal seeks to emulate the changes that were brought about by the New Deal. Hence, the Green New Deal is also a government-sponsored program. It also seeks to make drastic changes to the infrastructure of America. However, while doing so, the Democrats want to focus on renewable energy and resource efficiency. Hence, the Green New Deal is a sort of amalgamation of two ideas. It aims to solve the problem of climate change and in the process prop up the failing American economy.
What Steps Need To Be Taken Under The Green New Deal?
One of the problems with the proposed Green New Deal is that it plans to achieve too much in too little time. This is the reason why it appears more like a wish-list and less like a plan. Some of the most prominent objectives of the green new deal are as follows:
The Green New Deal wants to accomplish all the objectives mentioned above and many more within the span of a decade!
The Problems with the Green New Deal
If one reads all the points mentioned above, it becomes obvious that the Green New Deal sounds too good to be true. Obviously, there are a lot of problems with this deal. Some of them have been listed below.
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