News that President Biden wants budget authority to drop more than half a trillion dollars into the fiscal chasm of climate control reminds us of “Jim Baker’s Blue Jay Yarn.” That’s the tale told by Mark Twain about a blue jay who, spotting a hole in the roof of an empty cabin, starts dropping in acorns, only to get madder and madder as he discovers that the hole won’t fill up, while the acorns are gone.
Twain’s yarn struck us as an apt metaphor, as we were reading the Axios story headlined “Scoop: Biden plan expected to include at least $500B for climate.” That’s more than a quarter of the Biden budget blowout after it was trimmed to $2 trillion. Axios reckons Mr. Biden is hoping Congress will pony up the half-trillion spondulix by the time he arrives in Glasgow for the Conference of the Parties to the Paris Accord.
That shindig starts Sunday, and the idea seems to be that one country after another is going to boast about how much of their taxpayers’ hard-earned money they’re going to drop into various climate coffers. The idea that Mr. Biden hoped our own diplomats could show up with budget authority to boast about $500 billion is mind-boggling. What are they going to do when the money’s dropped in?
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