The Schumer-Manchin Inflation Reduction Act isn’t passing muster as an inflation reducer since it doesn’t. A Penn Wharton analysis finds the 0.1% inflation reduction in five years will have no impact in 1928. It doesn’t reduce the deficit or help the GDP. Despite the claims, it will raise taxes on people who make under $400,000. So, Democrats now say the bill will reduce global warming [which has been negligible for 15 years]. It won’t do that either.
It will have virtually no effect on the climate at all.
At that rate, simple math (see Excel sheet below) suggests the amount of money required to achieve the much desired 1.5°C (2.7°F) reduction in temperature using the best case reduction of 0.028°F would be $38,571,428,571,428 or approximately 39 Trillion dollars. The worst-case temperature reduction of 0.0009°F would cost a staggering 1,200,000,000,000,000 dollars or ONE QUADRILLION TWO HUNDRED TRILLION DOLLARS, Watts Up With That reports .
The purpose of the fake inflation reduction bill isn’t to help the economy or the climate since it won’t. It’s to buy votes. Democrats are shamelessly spending hundreds of millions of dollars on climate welfare and other giveaways.
There’s no end to climate change spending. We also have a new study touted by Axios. The researchers are foretelling the weather in 2053. The study is based on computer generations derived from whatever they put into the computer. It claims they’ll be an “extreme heat belt” from Texas to Illinois, where the heat index could reach 125°F at least one day a year by 2053.
This is from the people who can’t give us an adequate weather report a few days down the road. It’s ridiculous, but it will undoubtedly be good for the narrative and more wasteful spending.
Inflation is driven by out of control Government Spending. A Balanced Budge needs to be a Must for the 2023 Congress. As long as the Government spends money the Government does not have, and “Magically Borrows (Prints) Money” we will have Inflation. I have listened to the Climate Change Wacko Cult for over 50 years and not one of their… Read more »
The climate models are of course all nonsense, as proven by the projections the past 20 years. But it is funny to see the 0.0009 F change predicted for us to starve, bankrupt and freeze ourselves into the 17th century. The motive is clearly population reduction and concentration of power. There is no scientific basis for it, or economic basis.… Read more »
what it does do is makes several of biden/pelosi/schumers buddys/doners richer. follow the money.
The glaringly obvious fact is that the known longtime swindler and grifter Joe Biden has engaged this “energy-saving energy efficient” fraud so that the wealthy including himself and vile crackden-dwelling family, are the only people who can afford EVs, solar panels, floppy nonsensical wind turbines, etc. Add that the chronic loser and compulsive liar Joe Biden’s ‘INFLATION INCREASE ACT’ is… Read more »
When flawed human beings think they are so smart they can explain not only how the earth works and all the ways the entire solar system impacts the earth including the weather, even with their super computers, there ae bound to be some hilarious errors. As all programmers know: “Garbage in means garbage out.” These are the same types as… Read more »
“That’s all folks.”
will have no impact in 1928???