Kamala Harris Admitted It in the Debate: The Inflation Reduction Act Is the Green New Deal

She bragged about wasting another trillion dollars on green boondoggles while driving up the federal debt.

In the presidential debate on Sept. 10, Vice President Kamala Harris admitted what everybody already knows: The Inflation Reduction Act (IRA) is the Green New Deal. This admission twisted the knife on the excuses and lies the Biden-Harris administration peddled when they lobbied for its passage in Congress.

Indeed, Kamala Harris bragged about how she and Joe Biden “invested” a trillion dollars in a “clean energy economy” while giving false figures about oil and gas drilling and manufacturing jobs.

Kamala: We've invested more than $1 trillion in renewable energy. #PresidentialDebate2024 pic.twitter.com/ul2LnZATQa

— Steven Kabuye (He/Him) (@SteveKabuye5) September 11, 2024

(Read more: Why Is Joe Biden Screwing Seniors To Subsidize Electric Vehicles?)

Of course, she tries to have it both ways by saying the Biden-Harris administration increased domestic energy production and built factories around the world. These claims do not hold up to scrutiny, as Restoration News recently reported:

. . . the Biden-Harris administration created much tougher rules on offshore oil and gas facilities, awarding the smallest number of new offshore oil auctions in history. On top of that, the White House bragged in a press release in January about the “temporary pause” on pending approvals of Liquefied Natural Gas (LNG) exports.

Joe Biden and Kamala Harris Lied About the IRA

More to the point, however: the entire run-up to the vote on the IRA consisted of arguments for its anti-inflationary effects on the economy. Those claims never held water at the time, insofar as spending astonishing amounts of federal funding we don’t have while jacking up the budget deficit to record levels has the opposite effect.

Now, Kamala Harris is admitting the truth: The IRA is the Green New Deal. In our exhaustive report on the scams behind climate science, Restoration News said this about the Green New Deal:

The Green New Deal, first introduced at a press conference in 2019 by Rep. Alexandria Ocasio-Cortez (D–NY) and Sen. Ed Markey (D–MA), originally took the form of a congressional resolution. It harkened back to the 1930s New Deal, a series of laws and executive orders signed by President Franklin D. Roosevelt designed to create federal government intervention into the free market with the (unsuccessful) goal of ending the Great Depression.

The Green New Deal proposed a set of similarly massive federal programs to artificially create jobs in the prophesized “green economy,” set the United States on a path to “net-zero” CO2 emissions, and subsidize alternative forms of energy to end our use of “fossil fuels.”

As a result of this compromise, when Joe Biden was declared president in 2021 he set about undoing every policy enacted by the Trump administration, no matter how successful or well-received by the American public. That included stealth-implementing the Green New Deal via executive order, beginning with his first day in the Oval Office. This action put the U.S. back into the Obama-era Paris Accords on climate change, revoked the permit for the Keystone XL pipeline expansion, and stopped new oil and gas leases in the Arctic National Wildlife Refuge.

Despite its claims to the contrary, the Biden administration has placed expensive and onerous restrictions on the domestic extraction of “fossil fuels,” while simultaneously begging global adversaries like Venezuela to sell us more oil to bring prices down.

Kamala Harris, then the junior senator from California, became one of the first legislators to co-sponsor the resolution. As vice president, she joined her boss, Joe Biden, in implementing this runaway spending plan that will break the back of America’s federal budgets for years to come.

Now, while auditioning for the job of leader of the free world, she brags about it.

A Grim Milestone

This week, we’ve witnessed a remarkable and frightening milestone. The interest the United States pays on the public debt it holds surpassed $1 trillion for the first time ever. Not so long ago, our annual budgets didn’t even top $1 trillion. Now we pay that just in debt service.

This from ZeroHedge:

. . . an August budget deficit of a staggering $380 billion, up more than 50% from the $243 billion in July, and up more than 55% from July, and up 66% from last August... oh, and almost $100 billion more than the median estimate of $292.5 billion, which may be why the Treasury quietly snuck the number out by leaking it after 5am ET when everyone was sleeping, not at its regular time of 2pm ET.

. . . .

Yet looking at the dire big picture, it is unfortunately all downhill from here for one simple reason: we have now crossed the Minsky Moment in terms of how much the US spends on interest on its debt, which as regular readers know is hitting a new record high every day - it just closed above $35.3 trillion - and is growing by about $1 trillion every 100 days. That means that with interest rates at 40 year highs, the prediction we made last July, has finally come true because according to today's Budget statement, the amount spent on gross interest in August was $92.3 billion...

... which means that the cumulative total for Fiscal 2024 - where there is one more month to go until the end of the fiscal year (which ends Sept 30) - just hit an all time high of $1.049 trillion, the first time in history when interest on US debt has surpassed $1 trillion.

The implications of this crisis are too huge to comprehend. It seems impossible to envision how the United States can get out of this mess. It looks like we’ll reach $1.6 trillion in interest on the debt, making it the largest single budget outlay by the federal government. 

More than welfare. More than defense. More than Medicaid and Medicare.

What Have Joe Biden and Kamala Harris Done FOR the Economy?

And what have we gotten from all this insane government spending? Runaway inflation, and household costs through the roof. Sure, the inflation rate has temporarily cooled in the past few weeks. But that doesn’t mean you can pay less at the grocery store or gas station. It just means the rate of price increases has slowed down a little.

Not much comfort in that.

And yet Kamala Harris brags about it, and offers grandiose plans of creating an “opportunity economy.”

She’s going to save the earth and America’s economy with even more insane spending on favored industries in the green sector, while shackling cheap energy and traditional industries and not solving our debt crisis.

When you put it in its simple terms, it suddenly doesn’t make a lot of sense.

(Read more: Harris-Walz Plan to Destroy Our Energy Production)