KRUEGER: The Cobra Effect
It seems like Democrat leaders are lacking common sense and an understanding of history. What President Joe Biden, his Democrat minions, and his media lapdogs have instead is a massive spending agenda masked in Orwellian newspeak. They blithely and disingenuously refer to their $737 billion prodigal plan as an Inflation Reduction Act, their $ 2.2 trillion spending spree as Build Back Better, and their $350 billion spendthrift scheme as the American Recovery Act. According to economic experts at the Penn Wharton Business School, the Inflation Reduction Act will have little to no effect on inflation. The Congressional Budget Office…