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In a stunning admission that raises eyebrows and questions the integrity of the Biden-Harris administration, President Joe Biden recently conceded that the so-called Inflation Reduction Act, which has done little to curb inflation and instead funneled a staggering $369 billion into “green energy” initiatives, was misnamed.
Now, after seemingly rushing to push this legislation through Congress, the truth is coming to light. The Penn Wharton Budget Model has found that this bill will only reduce inflation by a mere 0.1 percent over five years, a fact that the Congressional Budget Office corroborates. So, what exactly are we dealing with here? A scaled-down version of the failed Build Back Better Act, masquerading as a solution to our economic woes, while in reality, it is “the single most significant legislation to combat climate change in our nation’s history,” as the Biden-Harris Department of Treasury proudly proclaimed in a release last November.
Let’s break this down. The Inflation Reduction Act allows Medicare to negotiate drug prices, extends enhanced Obamacare subsidies for three years at a cost of
64 billion, and claims to reduce the deficit by $300 billion.
But hold on—this bill also increases taxes just as America teeters on the brink of recession and boosts funding for the IRS by a jaw-dropping $80 billion, making it larger than the Pentagon, State Department, FBI, and Border Patrol combined. Is this really what Americans need right now?
Financial experts are sounding the alarm on this nearly trillion-dollar boondoggle. BlackRock CEO Larry Fink pointed out in April that it’s hard to envision inflation dropping to two percent, given the reckless spending spree initiated by Biden and the Democrat-led 117th Congress.
“I think two is a hard number. We have restructured how we frame our economic policy. We have a trillion dollars of fiscal stimulus in the CHIPS Act, the Infrastructure Act, and the [Inflation Reduction Act],” Fink emphasized during an appearance on CNBC’s Squawk on the Street.
Meanwhile, the Consumer Price Index in July surged by 2.9 percent year-over-year, a clear indicator that the administration’s policies are failing.
Fox News’s Larry Kudlow, who served as the director of the National Economic Council during the Trump administration, didn’t hold back in his critique of the Inflation Reduction Act. He stated, “There is not one single iota, scintilla, whit, shred or morsel of economic growth incentives in this bill. Not a single comma, semicolon, dotted ‘i’ or crossed ‘t’ of growth. Nothing.”
So, what’s the takeaway here? The Biden-Harris administration is pushing a narrative that simply doesn’t hold water. With a name like the Inflation Reduction Act, one would expect a focus on economic stability and growth. Instead, we see a politically motivated agenda that prioritizes climate change over the pressing needs of American families. It’s time for the American people to wake up and recognize the hypocrisy and double standards at play. This isn’t just politics as usual; it’s a dangerous game that could have lasting repercussions as we head into the 2024 election.
Five Reasons to Believe Trump’s Would-Be Assassins Are Deep State Assets
by JD Rucker
Tinfoil hat time. By no means am I going to convince anyone with this short article that Ryan Wesley Routh (or Thomas Michael Crooks, for that matter) is an asset for the Deep State. That is not the intention because to “prove” it would be as impossible as “proving” anything…
Hurricane Forecasts Poised to Be Spectacularly Overstated, Raising Doubt About Climate Science
by Just The News
Penn State celebrity climate scientist Michael Mann announced in April that his research group’s 2024 North Atlantic season forecast was expecting an “unprecedented” 33 named storms, with a range between 27 and 39. That prediction has turned out to be a dud. With Hurricane Francine hitting the coasts Thursday, the…
Another Attack on President Trump Prompted Prepper Surge
by Sponsored Post
The 2nd attempted assassination of Donald Trump has prompted renewed concerns over the nation’s future. Website traffic on Sunday was higher than it’s been in our history. One does not have to be a Republican to realize that chaos may be in store for us soon. At Prepper All-Naturals, we’re…
DJT’s Attempted Assassin Made 19 Donations to Democrats
by Independent Sentinel
The attempted assassin of Donald J. Trump is Ryan Wesley Routh, who has made 19 donations to Democrats. The donations were to Elizabeth Warren, fake Hispanic Beto O’Rourke, Andrew Yang, Tom Steyer, and Tulsi Gabbard. Allegedly, Routh also claimed to have fought in Ukraine in 2022 and supported the war….
Dem Rep. Crockett: MAGA Is a Domestic Threat, Trump Is Stoking Them
by Breitbart
Representative Jasmine Crockett (D-TX) said Sunday on MSNBC’s “Inside” that MAGA is a domestic threat that former President Donald Trump is stoking them. Crockett said, “Springfield is going through hell, but they are going through hell because the guy who says he wants to be the commander-in-chief is actually bringing…
Sunlight and Clouds, Not CO2, Drive Earth’s Climate, New Study Finds
by The Epoch Times
This year’s summer months were characterized by cold outdoor pools that eagerly welcomed guests, concrete that scorched the soles of bare feet, and popsicles that melted in the relentless, blazing heat. In August, the European Commission’s Copernicus report found that the global average temperature had reached record highs in the…
The Man That Just Tried to Assassinate Donald Trump Has Very Alarming Links to Ukraine
by Michael Snyder
(End of the American Dream)—We are starting to learn more about Ryan Routh’s background, and what we have learned may help to explain why he attempted to shoot Donald Trump. It turns out that Routh is a rabid pro-Ukraine activist. In 2022, he actually traveled to Ukraine to fight in the…
Bill Gates Forecasts Another Global Pandemic ‘Likely’ Within Next 25 Years in Ominous Health Warning
by End Times Headlines
War or another global pandemic, Microsoft CEO Bill Gates is cautioning that, if the world manages to avoid the former, the latter is a very real possibility within the next 25 years. “A lot of unrest” in today’s age could spark a major war, he told CNBC’s “Make It.” “If…
US Foreign Policy Should Defy China, Recognize Taiwan as a Country
by The Gateway Pundit
The U.S., as the world’s most powerful country, should have an independent foreign policy. Currently, the U.S. abides by the One-China policy to appease Beijing. The U.S. should no longer allow Beijing to dictate its foreign policy and should recognize the independence of Taiwan, a high-functioning, multi-party democracy whose citizens…
Florida Will Conduct Investigation Into Trump Assassination Attempt: DeSantis
by Jack Phillips
Florida Gov. Ron DeSantis on Sunday announced the state will launch its own investigation into the apparent assassination attempt targeting former President Donald Trump earlier in the day. The FBI has said in a statement it is investigating the matter as an assassination attempt, while law enforcement officials said on…
‘Stop This Reckless Escalation’: Robert F. Kennedy Jr. Tells Biden Not to Authorize Long-Range Missile Attacks on Russian Territory
by The Gateway Pundit
The world is handing on the edge of a major escalation with unpredictable consequences, as Ukraine relentlessly pushes for the US to make decisions that can have unpredictable consequences. All around the world, peace-loving people who can see the danger ahead are cautioning the western NATO powers – notably the…