Joe Biden admitted today he lied about the so-called ‘Inflation Reduction Act’. He told a crowd today that it really had little to do with inflation after all:
“I wish I hadn’t called it that,” Biden said of Inflation Reduction Act. “Because it has less to do with reducing inflation than it does to do with dealing with providing for alternatives that generate economic growth.” He said it reduces cost of people meeting their basic needs. https://t.co/FxYHMF657N
— Jennifer Jacobs (@JenniferJJacobs) August 11, 2023
In fact the CBO said at the time that the bill would do nothing to reduce inflation at all and it might have a negative impact on it. Indeed it has. Just today inflation was ticking back up again after only moderate improvements.
No, the bill Biden signed into law was just a social spending bill for Democrats, inflation be damned. And now we’re all paying the price, literally, for electing a radical leftist into office.