Glenn Beck officially has no idea what he is talking about (again). The confidential Treasury memos Beck refers to in the following video — memos that say the Waxman-Markey cap and trade bill (American Clean Energy and Security Act) would have allegedly cost $1,761 per household annually — do not address the current House climate change bill, but rather, a proposal that would have auctioned 100 percent of the emissions allowances. The bill under consideration actually spends revenue created by the program to offset costs to households and businesses. In other words, that estimate is based on bill language that never made it into the bill
I love how this guy thinks he is breaking stories and doing some serious journalistic muckraking. [Editor's note: He's not]



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