President Joe Biden poured $740 billion on top of red hot inflation with the stroke of a pen. On Tuesday, he was met with cheers as as he signed the so-called Inflation Reduction Act into law.
The Biden administration has paired up with Big Business to promote its latest social spending bill. The President said a Democrat-backed spending binge will combat inflation, but hundreds of economists disagree.
The White House has continued its climate crusade by pumping millions into grant programs. While speaking at Florida International University in Miami on Monday, Vice President Kamala Harris pledged grants worth $1 billion to go towards addressing extreme weather events that she attributes are due to climate change. The Biden administration will be dispersing these funds to 343 towns and cities nationwide. The funds are intended to address a variety of natural disasters and may be used at the discretion of local jurisdictions.