Biden Will Spend 3x What Was Predicted In 'Inflation Reduction Act'
Remember when they called us crazy or terrorists or bigots or whatever for proclaiming that Dirty Old Joe Biden's "Inflation Reduction Act" was going to do anything but?
Turns out giving out imaginary money to people who don't deserve it devalues our very limited supply of real money.
They called us bigots for being educated on basic economics. It worked, the bill was passed, and now were about to be paying the price.
Just ask Senate Minority Whip Senator John Thune, a Republican from South Dakota. He said:
They’re at a loss to explain why we can’t produce American energy and why we have to rely on these other countries around the world. They don’t have a good answer for it, because there is no good answer for it. And if there’s anything that the war in Ukraine has taught us, is this overdependence on countries like Russia for energy, we’ve seen that in Europe, and it should be a very direct and harsh reminder to Americans that we need an all-of-the-above American energy plan. We ought to be producing it here at home.
Thune concluded by saying even liberals like the New York Times are admitting it's going to cost MUCH more than we were told:
I do think that this administration, because of their ESG agenda — environment, social, governance agenda — is overly focused on forms of energy that, frankly, they funded a lot of in the Inflation Reduction Act, so much so that the Wall Street Journal had an editorial earlier this week that said the cost of those policies is going to be triple of what they were talking about.