boomboomsroom

It’s business as usual in Washington DC.  Except, unfortunately, it’s not business it’s government.

Falling one “yea” shy for over a year on the bloated Build Back Better boondoggle, Senate Majority Leader Chuck Schumer negotiated directly with Sen. Joe Manchin, D-W.Va to no longer fall one vote shy.

So, without further adieu and with inflation running at a half-a-century high, the Senate will use a back door tactic to get around filibustering and present to you the Inflation Reduction Act of 2022.

What’s in a name?  “What’s in a name? That which we call a rose by any other name would smell just as sweet,” wrote William Shakespeare.

In this instance that which we call yet another spending bill would smell just as rotten to those who are willing to read all about it.  You see, the Inflation Reduction Act of 2022 has nothing whatsoever to do with combating the pain you feel at the grocery store or the gas station.

It’s the third wild spending bill in 18 months as the country stands at $30 trillion in debt and counting geometrically.  We printed money, gave it away, and devalued the dollar making us chase products and services with more dollars.  That’s inflation.

Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are paying, lower the cost of health insurance and prescription drugs, and ensure our country invests in energy security and climate change solutions,” Manchin said.

One, someone needs to stick a microphone under Manchin’s chin and ask what “inflation taxes” mean.

Two, the unaffordable Affordable Care Act just got more expensive for those who pay for it.

Three, it’s a slimmed-down version of the Green New Deal, but it is by no means slim unto itself.   At least the summer heat wave will go away, won’t it?

But wait, this comes with a corporate tax increase and a minimum corporate tax as well.  Doesn’t that make it a pay-for-itself bill?

“It will ensure that the biggest corporations and the wealthiest few pay their fair share,” Pelosi said in a letter to Democratic lawmakers.  Can someone define “fair share for us?”  Tax laws are tax laws. Fair is in the eye of the beholder, period.

So, we just increased taxes on businesses.  Do you know how businesses will offset those increased tax burdens?  They’ll increase their prices to maintain their bottom lines.  That means you pay more.

The Inflation Reduction Act will cause more inflation.  What’s in a name?

It doesn’t sound so rosy anymore, does it?

Didn’t Romeo and Juliet have a tragic ending?