It’s one of the biggest turds ever passed and just like Obama made the Bush tax cuts permanent, Biden and democrats have made the Trump cuts permanent too. Republicans screwed up on it and many rich people got screwed so they had to fix parts of it and democrats were right there helping them do it. I’m betting that if we looked inside the bill we will find that Pelosi was able to get the SALT tax fixed so her friends don’t have to pay higher property taxes.

The Democrats are celebrating the passage of the Inflation Reduction Act over unified Republican opposition, claiming that the legislation is a historic breakthrough. Sadly, it's not.

Though the new legislation takes some steps in the right direction on climate and drug prices, it falls far short of what is needed. The Democrats, with control over the White House and both houses of Congress, squandered the historic opportunity for a progressive breakthrough.

There are four big reasons to be skeptical of the Democratic Party's self-congratulation.

1.Despite its title, the new legislation will have essentially no effect on reducing inflation during the next few years.

Calling the legislation the "Inflation Reduction Act" was a marketing ploy, not reality.

2. Most of President Joe Biden's original social agenda was left out of the legislation.

Unlike the first draft of the legislation (under the original banner of "Build Back Better"), the new law stripped out most of the social programs in Biden's original program, essentially because conservative Democrats blocked all of the proposed tax hikes on the rich that would have paid for such programs. The Dems abandoned earlier proposals for universal pre-kindergarten and subsidized child care, paid family and medical leave, free community college and expanded child tax credits, among other initiatives.

3. Democrats once again sided with campaign donors and lobbyists over everyday voters.

Biden's initial plan called for at least partly reversing the unjustified giveaway to the rich in former President Donald Trump's 2017 corporate tax cut. It also called for raising personal income taxes on the richest Americans and on ending some egregious tax loopholes. These tax objectives were abandoned when conservative Democratic Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona protected the rich rather than their own constituents. They went with the campaign contributions, not the voters.

With no meaningful tax increases on the rich, the federal government will continue to run chronic and rising budget deficits as a share of GDP, even with the legislation stripped of important social initiatives. Federal outlays as a share of GDP are rising over time as the US population ages, health care costs rise and as money continues to be squandered on record military budgets and overseas wars. Direct outlays on wars since 9/11, including the current war in Ukraine, have cost $2.3 trillion and many trillions more in other costs, such as veterans' care.

The long upward march of the debt-to-GDP ratio will therefore continue. When former President Ronald Reagan assumed office in 1981, the federal debt was 24.6% of GDP. He sold the American people on the idea that they could have their social programs and tax cuts at the same time. Yet the real result has been a 40-year build-up of public debt. In 2021, the debt was 96.9% of GDP. According to the most recent projection of the Congressional Budget Office, the debt will grow to a staggering 185% of GDP in thirty years on the current tax and spending plans.

4. The much-touted climate actions will deliver modest results despite the headline promises and bravado.

Here's a hint why: Sen. Manchin, owner of two coal companies and darling of the oil lobby, let the bill pass. He knows the truth that the Democrats won't admit. This bill will not come close to putting the US or the world on the path to energy decarbonization.

According to much-touted claims, the new law will direct nearly $370 billion to clean energy and will reduce US greenhouse gas emissions as of 2030 by around 40% below the 2005 level. Yet this claim is easily misunderstood. The Princeton study used to support it actually asserts that the legislation will reduce emissions by around 15% of 2005 emissions, with the remaining 27% reduction as of 2030 predicted to occur based on pre-existing trends, even without the new legislation.
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A staggering 85% of Americans say that the country is on the wrong track. We are often told that this is because America is divided. The real reason is that our political system represents narrow interests, not those of the vast majority of Americans. Alas, there is far too little to celebrate in this regard with the new legislation.

#4 will allow drilling in the Alaska wilderness and the Gulf of Mexico. Schumer and Biden made a deal with Manchin for his vote and they helped him get his pipeline deal passed that will benefit his companies.

But during its first year in power, the Biden administration approved drilling permits at a faster pace than its overtly industry-allied predecessor.

And last month, the Biden Interior Department sparked outrage among environmentalists by suggesting it would be willing to greenlight new oil and gas drilling in federal waters off the coast of Alaska and in the Gulf of Mexico. The Inflation Reduction Act (IRA), which Biden signed into law earlier this week, contains provisions that mandate fossil fuel lease sales in the Gulf of Mexico and Alaska, a giveaway to the oil and gas industry and its leading Democratic ally in the Senate, Joe Manchin of West Virginia.

Gee I’m seeing shitlibs saying that Biden has lots of leverage on Manchin to get him to go along with passing the good parts of the bill that would help we the people, but… instead Biden and Schumer are giving Manchin everything he asks for. Of course shitlibs are singing democrat's praises for passing the bill, but I doubt any of them even know how bad it truly is.

As we see there could be plenty of money to help poor Americans, but congress doesn’t think that they should be a priority. We’ve given trillions to defense companies and private mercenaries who in turn funnel the money back to congress while more and more veterans cannot get health care nor get off living on the streets.

Also Biden is terminating free vaccines, testing and treatment after I’m sure that insurance lobbyists said it’s time for them to start making more obscene money and gawd only knows what people without health insurance are going to do. Die I guess.

Recipe for disaster, unless you are a pharmaceutical company or other profit center in the healthcare market."

The U.S. Department of Health and Human Services (HHS) plans to meet with representatives from drug manufacturers, pharmacies, and state health departments on August 30 to "map out" how to shift the bill for coronavirus jabs and therapeutics from the federal government to individuals, according to The Wall Street Journal.

The looming transition that many have anticipated and resisted since the onset of the ongoing pandemic is expected to take months.

"We've known at some point we'd need to move over into the commercial market, and we're approaching that time now," said Dawn O'Connell, assistant secretary at HHS for preparedness and response. "We don't want to do it by fiat."

Transferring the acquisition of Covid-19 shots and therapeutics, which also owe their existence to years of taxpayer-funded research, to the commercial market portends billions of dollars in additional profits for Big Pharma.

Alan Greyson only got it half right. Sure republicans just want us to die instead of having universal health care, but democrats have always been right there with them wanting the same damn thing! Biden promised that even if MFA passed congress that he would veto it. 81 people voted for him anyway and today I’m seeing lots of shitlibs bitching about their health insurance. They did the same thing after voting for the Hellabitch instead of Bernie. Something about cutting off ones nose….?

Democrats keep letting the parliamentarian decide what they can pass through reconciliation while republicans just ignore it when they are in charge. None of the prescription drugs will be lowered until 2025 which gives republicans plenty of time to roll it back after they take charge next year. Plus Schumer deliberately left out insulin and then he let the parliamentarian rule it out. Trump made it so insulin doesn’t cost more than $35, but Biden canceled the executive order because of course he did. I wonder if we will ever know how many diabetics have died because they couldn’t afford their insulin which the creator of sold it to us for $1? Is anyone in government even looking?

On my local rag this morning was an article about how more people are becoming homeless and lots of money is being thrown at the problem, but nothing mentioned on building affordable housing. Then there’s an article on how Biden is sending another $775 million in weapons to Ukraine and how many Ukraine refugees are doing living in America. So we see that there is plenty of money for we Americans…, but!