Climate change and the bottom line

Have the people in power never heard the expression "penny wise, pound foolish"?

Here's something from an article called "Economic Costs of Climate Change ‘Will Affect Every American’":

NEW YORK - Independent economists and environmentalists are warning of dire consequences for the U.S. economy if policy makers fail to take urgent action on climate change.

“Climate change will effect every American economically in a significant and dramatic way,” said Matthias Ruth, director of the University of Maryland’s Center for Integrative Environmental Research.

In a new study released this week, Ruth observed that further delays in tackling climate change would not only cause greater damage to the U.S. economy, but would also raise the future cost of dealing with natural disasters.

The authors of the study, entitled “The U.S. Economic Impacts of Climate Change and the Costs of Inaction,” say their efforts to analyze the economic research done in the past and pull in other relevant data make the study the first of its kind.

The costs of climate change inaction is likely to be much higher than the required spending on cuts in carbon emissions, the report’s authors said, adding that the United States can expect to lose hundreds of billions of dollars in damage to its infrastructure, agriculture, and manufacturing sector if more isn’t done soon to slow climate change.

I just hope these idiots live long enough to see the damage they've done by their incredibly stupid policies. Knowing them, however, they'll probably find a way to blame the consequences on somebody else.