August 7, 2022 – Inflation Reduction Act.
Don’t write this down! I will remind you later.
However, you will be reminded when you notice that your price at the pump for gasoline increases by the $0.16 per gallon.
And reminded, when your cost of natural gas goes up 4% to 6% because of a tax included.
And reminded, when your cost of electricity feels the impact of the $1.10 per ton of coal.
And reminded, when your cost of all products are affected by the reduction of greenhouse emissions to 31% to 44% from 24% - 35%.
And reminded, when the cost and availability of all purchased products are affected by 15% tax imposed on corporations making $1 billion or more in income.
And reminded, when an IRS agent comes calling because of the increases expenditure of $80 Billion destined to the IRS for “increase enforcement, operational improvements, customer service, and systems modernization”. Note, that expenditure is 6 times the current rate of $12.6 billion.
A promise. I will add more reminders as time goes on.
August 12, 2023
Sorry I haven’t been more attentive. I will try to do better in the coming year.
You probable have noticed the effects I predicted a year ago. It can be summed up in the inflation rate being over 6.5% and still rising.
Today, the administration, with a flourish of “Save the Environment”, has effectively increased our dependence on foreign energy by declaring an area the size of President’s home state as public lands, restricting access to the source of American uranium. From where does it come now?
Sources and percentage shares of total U.S. purchases of uranium in 2021 were:
- Kazakhstan35%
- Canada15%
- Australia14%
- Russia14%
- Namibia7%
- United States5%
- Five countries combined (W)10%
So the US now gets 95% of its uranium elsewhere. With a new plant about to begin operation in Georgia, we can expect the consumption to go up!
Remember our sources of energy, which promised to make us energy independent under the previous administration? We now are dependent on other nations because the current administration has cut off sources by stopping Arctic National Wildlife Refuge (ANWR) drilling and the Alaska pipeline project.
Should our energy imports be cut off we become dependent on eagle killing windmills and solar panels.
To the readers.
If you voted for the majority party, please educate your self. You, not the party, bear the responsibility of this bill and the subsequent damage to the economy. We are on the verge of losing our country because of this and like bills passed by this congress.
If you didn’t vote for any reason, you share the responsibility with those in the previous paragraph. I realize that voting for the lesser of two evils is still evil. However, we don’t stand a chance if we allow the most evil elected.
If you voted for the minority party, thanks! But we need to do more. Suggestions are welcome.