Obama’s proposed “cap-and-trade” carbon tax on energy use and utility bills is expected to raise up to $2 trillion, more than the $646 billion the Administration earlier estimated. It won’t put much of a dent in the $4.8 trillion in additional debt resulting from Obama’s proposed budget, or the $8 trillion in spending commitments incurred by the Obama Administration (not counting another trillion dollars for the toxic-asset buy-up program and $800 billion for the economy-shrinking “stimulus” package), all of which contradict Obama’s campaign pledge of a “net spending cut.” But you sure will notice it in your electric bills if it becomes a reality.