What are the pros and cons of The Green New Deal?

The Green New Deal will increase the deficit in the United States

Question: What are the pros and cons of The Green New Deal?
Position‹3 of 3: The drawbacks of the Green New Deal
Argument‹2 of 2: The Green New Deal will increase the deficit in the United States

A total change from fossil fuels to renewable energies would cost the United States trillions of dollars. This would only add to the deficit, and cuts to other vital programs would be necessary for the Green New Deal to become a reality.

The argument

As of 2020, the United States has a deficit of 3.1 trillion dollars. The Green New Deal, as proposed by Congressional Representative Alexandria Ocasio-Cortez and Massachusetts Senator Ed Markey, would cost the United States government approximately 10 trillion dollars. This increase in federal spending would balloon the United States’ deficit. Additionally, the Green New Deal would cost the American consumer much more than they currently pay. Energy bills for the average household would increase across the country. Families would also be left with the costs of converting to new and costly energy sources. The Green New Deal would increase the United States' deficit and cost American families.

Premises

[P1]The US already had a $3.1 trillion deficit in 2020, and the Green New Deal would cost roughly $10 trillion. [P2] That increase in federal spending would balloon the deficit further. [P3] It would also raise energy bills and saddle families with the cost of converting to new energy sources. [C] Therefore, because the Green New Deal will increase the deficit in the United States, this is one of its drawbacks.

Counter-arguments

While there is no denying that the Green New Deal's upfront costs would increase the United States' deficit, the long-term benefits would expand the US economy over the years and offset those deficit-increasing costs. By the United States making these changes alone, world expenses related to climate change would be reduced by approximately 3.3 trillion dollars annually. Additionally, the Green New Deal would net two million jobs in the United States. That would lead to Americans having more money in their pocketbooks and more spending, which would boost the American economy and reduce the deficit.

Rejecting the premises

[Rejecting P1] The two figures are not comparable. A single year's deficit and the multi-year cost of a programme are different quantities, and the argument places them side by side without a timeframe for either. [Rejecting P2] Spending adds to a deficit only net of what it returns, and the premise counts costs while counting no revenue, growth or avoided expenditure — which is the counter-argument's objection. [Rejecting P3] Higher energy bills and conversion costs are asserted without figures, and they are a separate claim from the deficit: a cost borne by households is not a cost to the federal balance sheet.