Drilling in the Alaska’s Arctic refuge to close the federal deficit? Let’s be real
The White House’s budget was be delivered to Congress earlier this week. Called “A New Foundation for American Greatness,” the 62-page document proposes opening the coastal plain of the Arctic National Wildlife Refuge to drilling. Selling leases in Area 1002, as it’s known, would begin in 2022/2023, providing $900 million in revenue, which would help close the federal deficit. The budget estimates drawing in another $900 million from a second leasing round in 2026/2027. In total, the Trump budget proclaims in an associated document, called “Major Savings and Reforms,” that opening ANWR to drilling would reduce the federal deficit by $1.8 billion.
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