Friday, November 01, 2024

The $15 Billion Biden-Harris Scandal Nobody Is Talking About - I & I Editorial Board

Case in point is the $15 billion giveaway that Biden-Harris snuck through this summer without a single hearing, vote, or advance notice, in an attempt to buy seniors’ votes. Followed up by a campaign email to these same seniors on behalf of Kamala Harris, also paid for by taxpayers.
  • The criminally misnamed “Inflation Reduction Act” that Joe Biden signed on Aug. 16, 2022, after Harris cast the tie-breaking vote...
  • Biden and now Harris have been running around claiming that this was a tremendous deal for seniors, except those provisions added huge costs to these drug plans that were going to jack up monthly premiums for this benefit by an average of $110 – a 179% increase!
RELATED: “Drug Costs Explode As Kamalanomics Massively Backfires

  • So, to avoid that, the administration conjured up a “demonstration project” whereby insurance companies would agree to hold monthly premium increases to $35 or less in exchange for a pile of cash.
  • The Congressional Budget Office figures this will cost $5 billion a year – in borrowed money – plus another $2 billion a year in added interest costs on the national debt...

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