$42 Billion in Two Days: Bidenistas Went on Green Spending Binge in January
- July 1, 2025
David Storm, HotAir
One of the beauties of the Biden administration’s Green New Deal, which was dressed up as the “Inflation Reduction Act,” was that the goal was very simple, and had nothing to do with green energy.
Its only goal was to spread money around to lefty groups, and “green energy” was merely the latest excuse for sending gobs of cash to left-wing activists.
That’s why it should surprise us not at all that they pushed over $90 billion in “loans” out the door in the waning days of the Biden administration, with $42 billion being shoveled out in the last two days they were in office.
It’s not just the Energy Department. The EPA, too, shoveled out tens of billions in “loans,” despite the fact that its budget in any given year is approximately $10 billion, and we all know how well they manage it.