If there were ever a modern-day equivalent to the Trojan Horse, it would be former President Joe Biden’s absurdly named Inflation Reduction Act. As the name suggests, the bill was sold as a measure to reduce inflation. Yet once passed and embedded in the heart of our fiscal system, it revealed itself to be a bloated, inflation-driving, pork barrel handout that exploded inflation from within.
In an interview with PBS, a left-leaning Harvard University Economist asserted that he couldn’t “think of any mechanism by which (the IRA) would have brought down inflation to date.”
Among the many problems with Biden’s Inflation Reduction Act was that it expanded subsidies for green energy programs while attacking Medicare Part D plans. Research shows that the impact of Biden’s plan disproportionately caused inflation for senior citizens on Medicare Part D. These elder…
