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Thread: Inflation reduction act of 2022

  1. #31
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    Quote Originally Posted by testsubjectalpha View Post
    My point is, come Sep 30 Schumer is going to call for a CR (continuing resolution) to fund the Gov't obligations already entered into. You know how the game is played, get the obligation to pay on the books and then argue such spending has to be continued. Read the damn inflation reduction bill, it's very explicit about getting the new democrat spending obligations on the books on or before Sep 30, 2022.
    I understand how the federal appropriations process works. They want the money obligated prior to the end of the fiscal year simply, to have FY 22 money available for spending in FY 23. Ultimately it isn't a big deal other than a paper drill to move money from one pot to another.
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  2. #32

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    It has already worked. We had zero inflation last month. Just ask Joe
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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  4. #33
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    The Inflation Increase Act included money for the Green Raw Deal. It is about 4X the money Obama and Joe* had to save the climate in the Recovery Act (2009). That climate money was a failure, a waste of money. It also was a payday for 22+ friends of Joe* who got 80% of $20.5B in federal loans from the Act.

    A History Lesson Ahead of Biden’s Green New Tax | RealClearEnergy

    Proponents have dubbed the bill the “Inflation Reduction Act” because they know it sounds better than the truth: “Biden’s Green New Tax.” History will be the judge about the wisdom of pouring trillions of dollars on an economy struggling with excessive spending. No matter how you slice it, with $369 billion dollars devoted to climate and energy programs, it’s clear there’s a lot on the line for the American taxpayer. If we want to know how the Biden Administration will dole out our dollars, we need look no further than the last time Biden got billions to go green.


    As part of the so-called “Recovery Act” passed during the first term of President Obama, there was $90 billion set aside for the very same climate and energy reasoning. President Obama turned to his trusty Vice President to help administer those funds. The results were disastrous.

    ***

    Two years before Joe Biden called his work on the recovery funds the “proudest” part of his first term as vice president, the Government Accountability Office raised concerns about how those funds we handled. The federal loan program “lacked appropriate tools for assessing progress,” showed favoritism to some applicants and found “reporting and quality issues” when it came to figuring out just how many “green” jobs were created. Keep in mind, this was Joe Biden’s “proudest” accomplishment.


    Fast forward to 2022 and President Biden is again proud to have four times more money than he had in 2009. Included in his Green New Tax is the extension of a massive giveaway to those who buy electric vehicles. Studies have shown that those looking to buy an EV make at least $150,000 in annual income, but apparently Joe Biden feels they need a tax break.


    Past tends to be prologue for a reason. What we are witnessing with Biden’s Green New Tax is a repeat of 2009. A bill packed with billions of pork that will mostly benefit the rich and those who support President Biden’s failed energy agenda. Joe Biden may be proud of what he did in 2009, but history shows us his pride comes with a huge tag.



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    This was an ass kiss to the climate kids try to get them to come out in November. Most of it will be wasted and put on my granddaughter
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    Quote Originally Posted by DGUtley View Post
    This was an ass kiss to the climate kids try to get them to come out in November. Most of it will be wasted and put on my granddaughter
    It was wasted in 2009.
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  8. #36
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    Under Obama/Biden. Solyndra, Van Jones, Obama...and of course the Pelosi's. Some things never change
    "The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests." - Patrick Henry

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    ...More lies from the democrats and Joe Biden. Plus I'm hearing the bill will add to the deficit 4 out out of the next 5 years calling into question whether Tax and Spend bill cutting the deficit at all.

    The nonpartisan Congressional Budget Office concluded last week that the changes would have a “negligible” impact on inflation this year and next. And the University of Pennsylvania's Penn Wharton Budget Model concluded that, over the next decade, "the impact on inflation is statistically indistinguishable from zero.”
    "The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests." - Patrick Henry

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    the sweeping climate, health care and tax legislation, benefiting the rich. Note how the author did not refer to it as an inflation reduction act bill.

    Biden to sign health and climate bill on Tuesday (yahoo.com)
    "The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests." - Patrick Henry

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    There isn't any more defining moment in Biden admin history than this. This 700 hundred Billion+ in government spending..is supposed to reduce inflation.

    What idiot believes that?

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    One headline I keep reading reduces it to "The Inflation Act of 2022" and tells truth.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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