Biden’s “Inflation Reduction act of 2023” Has spent over a trillion dollars so far.

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Hmmm, spending increases inflation doesn’t it?

I had occasion to read the bill a bit this afternoon.
What a convoluted mish-mash of crap!

Seems mostly about the new clean energy initiatives, so maybe it could have been called that?

See also  The US deficit hits $1.8 trillion in 2024. Each worker owes $6,920 in interest.

But the bill wanders around like a drunken sailor throwing money at whatever strikes his fancy. Disadvantaged folks? Have a pile of money. Insulin? Have another pile of money. Wildlife service? here, have some big piles of green.

www.whitehouse.gov/briefing-room/statements-releases/2023/08/16/fact-sheet-one-year-in-president-bidens-inflation-reduction-act-is-driving-historic-climate-action-and-investing-in-america-to-create-good-paying-jobs-and-reduce-costs/

budgetmodel.wharton.upenn.edu/estimates/2023/4/27/update-cost-climate-and-energy-inflation-reduction-act

h/t JustmeTX

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