For this year. this will obviously create a lot of jobs. it s already created over 200,000 construction jobs. obviously, the manufacturing yet to come. that s incredible. what s your next chart show? we re going to talk about the reasons. the reasons are multiple but very heavily oriented around some of the policies that the president and the democratic leaders in congress have put in place. let s talk about the ira, the climate bill, whatever you want to call it. when that bill was passed, the congressional budget office thought about $390 billion of the tax credits would be used. they ve raised their estimate to $570 billion. brookings thinks it is more like $780 billion. goldman sachs thinks it is $1.2 trillion. wow. normally, when we talk about government spending increasing, it is a bad thing. this is, in a sense, a good thing, because it means that companies are taking advantage of this bill, of the tax credits they get to build far more facilities than anyone really
Old machines like even ones from 10 years before, what your wife is talking about. that is what she bought, swears by it, loves it. can you get them repaired, though? dana: so far it has been okay. in the privacy of your basement. the way regulations go, they will start requiring people, like the car and i think emission standards are good, lower emission for cars and make the air cleaner. this kind of stuff nobody ends up noticing a benefit, i don t think there is a benefit from it. bill: they say reduce greenhouse gas emission by 2.4 billion metric tons, that sounds big. save consumers 570 billion cumulative over 30 years dana: press releases drive me nuts, just numbers. bill: signed dana perino.
Poverty level. these are existential problems. we have suffered we are committing slow motion suicide. san jose to san francisco nexus, we have 7 trillion dollar, nancy pelosi, dianne feinstein kamala harris. they took natural paradise and inherited paradise and turned it into purgatory. they are moving to utah. all coming west. it is sad. california is a beautiful state and has so much potential. leo, 570 billion dollars in reparations, $200,000 per person based on the color of their
Substantial outlays in september. if significant numbers of student loans are modified in september, the 2022 deficit could be considerably larger than the cbo has estimated. two things right, the student debt, committee for responsible government came out moments ago saying at least $570 billion is going to cost, probably more than that, we know the penn wharton model is up to a trillion dollars. and the so-called inflation reduction act, the spending is front loading. all the assumed savings, i use assumed, they are assuming a lot here, will happen in the later years. so we are fighting an immediate inflation bill. you are throwing hundreds of billions into the economy as the fed is trying to take it out. and the average person has paid a price for all the free money. another example of the free money, monetary theory, the notion the government can print all the money in the world, it s
Have 6 to 9 months worth of savings to spend but after that they are out, and that s pointing to a bad thing. this goes back to what the president did when he came into office, whether it is inflation, whether it is energy prices, it s the things he did when he came into office that caused this problem to grow and what s his answer? we saw it earlier, you referred to it. let s have the green energy subsidies he had in build back better. $570 billion worth of additional spending over the next ten years approximately a quarter the size of his american rescue plan and that s not the only spending that he wants to do. he has not yet gotten the message. inflation comes from having too many dollars chasing too few goods. he needs to focus on the supply side and stop spending our money increasing the inflation rate by depreciating the currency. john: the president wants congress to pass clean energy legislation. meantime, the president may be going to saudi arabia hat in hand to ask for mor