‘Everything’s gonna be okay’: Biden tries to reassure America by passing massive spending, tax bill

Biden and his Democrat colleagues praised each other for the triumph of having passed a bill that will give tax breaks to Americans who can afford to switch their homes and cars to solar and wind energy, increase the number of IRS agents that can conduct audits on Americans, give insurance companies broader authority to negotiate lower drug prices, with many more spending provisions as well.

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As he signed the bill, Biden said he'd been waiting for 18 months to sign it, and that he stuck to his campaign promise of not raising taxes on Americans who earn less than $400,000 per year. Perhaps the information from the CBO hadn't reached Biden yet, as it shows that taxes will increase on all Americans except those earning between $10,000 and $30,000 per year.

In introducing Biden, House Majority Leader Chuck Schumer took aim at former President Donald Trump, a favorite pastime of Democrats, saying that "after four years of a president who relished creating chaos, Americans are seeing what it looks like to have a President and a Congress that's focused on delivering results that make their lives better."

Biden touted the supposed accomplishments of the bill, which is meant to force Americans into a green future of wind and solar energy whether it's a good idea or not.

"We're delivering results for the American people," Biden said. "We didn't tear down, we build up. We didn't look back, we look forward and today offers further proof that the soul of America is vibrant. The future of America is bright. And the promise of America is real and just beginning."

The flowery language that essentially means nothing continued, with Biden saying that the bill is "about tomorrow. It's about delivering progress and prosperity to American families. It's about showing the American and the American people that democracy still works in America, notwithstanding all the, all the talk of its demise."

With that, Biden was picking up recent talking points from his progressive party that would paint the conservatives as anti-Democratic. It is another in a long line of smears designed to help the Democrats obfuscate their goals and keep a tight grip on their power.

"Not just for the privileged few," Biden went on, "but for all of us. And I swore an oath of office to you and to God to faithfully execute the duties of this sacred office." Biden claimed that it's a "critical duty" of the President to "defend what is best about America." In office so far, he has used this duty to erase women from women's sports, and to declare that in law there is no difference between biological males who say they are women and women themselves. This he did on his first day in office.

"All of us can live a life of consequence and prosperity in a nation that's safe and secure. That's the job: fulfilling that pledge to you guides me every single hour every single day in this job. Now president should be judged not only by our words, but by our deeds, not by our rhetoric, but by our actions, not by our promise but by reality. And today is part of an extraordinary story that's being written by this administration and our brave Allies in the Congress," he said, with rhetorical flair.

Biden listed off some of the provisions of the bill, such as giving Medicare the power to negotiate drug prices, and that people who have Medicare won't have to pay more than $2,000 for prescription drugs. "This is a godsend," he said. "This is a godsend to many families."

"13 million people are going to continue to save an average of $800 a year on health insurance," Biden said of the bill named with the purported intention of reducing inflation.

But the biggest boon to Biden's progressive agenda, is the use of the so-called Inflation Reduction Act to stimulate spending in the wind and solar energy sectors. The Inflation Reduction Act makes a $369 billion investment in trying to push families into changing their energy reliance on solar, wind, and energy-efficient appliances.

For those who can afford to buy new appliances, they would see rebates and tax incentives to buy "efficient appliances" and to "weatherize their homes." Families that own their homes and can afford to spend money will also be able to get tax credits for switching to heat pumps, rooftop solar, and electric stoves, ovens, and dryers.

Those who can afford to buy new cars will be able to get rebates and tax credits on electric vehicles or fuel cell vehicles so long as those cars are made in the US. They could see a tax credit of up to $7,500.

Biden claims this will create jobs. An electric pickup truck from Ford costs over $46,000.

"This bill is the biggest step forward on climate ever, ever," Biden said. "And it's going to allow and allow us to boldly take additional steps toward meeting all my climate goals, the ones we set out we ran." For Biden and his administration, the most important thing is to use tax law to change how Americans live their lives and to get them to spend money in the sectors Biden and his cronies want to see investment in.

Biden's deficit reduction plan is to raise taxes, and increase efforts by the IRS to collect those taxes.

"The Inflation Reduction Act does so many things that for so many years so many of us have fought to make happen. Let's be clear: This historic moment, Democrats sided with the American people and every single Republican in the Congress sided with a special interest in this country, every single one."

Biden, of course, sided with the "sustainable energy" companies and electric battery makers. These industries are primarily localized in China.

Biden spoke about banning guns, building roads and bridges, and told the American people that "All this progress is part of our vision and plan and determined effort to get the job done for the American people, so they can look their child in the eye and say 'honey, it's going to be okay. Everything's gonna be okay. Everything's gonna make sure that the democracy delivers for your generation.' Because I think that's at stake."

"I know there are those who today hold a dark and despairing view of this country," he said as he geared up to put pen to paper and sign the spending package. "I'm not one of them. I believe in the promise of America. I believe in the future of this country. I believe in the very soul of this nation. And most of all, I believe in you, the American people. I believe to my core: There isn't a single thing this country cannot do when we put our mind to it.

"You have to remember who we are," he whispered, "we are the United States of America. There's nothing beyond our, nothing beyond our capacity. That's why so many foreign companies decide to invest or make chips in America. Billions of dollars. It's the best bet to believe in ourselves." And he signed the bill.