top | item 41028889

(no title)

analogwzrd | 1 year ago

Of course every bill is going to allocate money. But there's a difference between allocating money accompanied by a policy reform and passing a bill with the sole purpose of flooding an industry/market with government money.

The IRA is trying to address climate change, yes. But there's the problem of relying on government to have any idea of where to inject money to make the most difference, trusting the government to not just inject money wherever it benefits the most politically connected, and avoiding massive fraud (see the SBA loans during COVID). Not to mention the insane irony of something called the "Inflation Reduction Act" being a massive spending bill.

Point being: Number of bills passed and billions of dollars spent will be terrible metrics for how effective a politician is because of all those nuances.

discuss

order

No comments yet.