Biden's Admission: Inflation Reduction Act Misrepresented to Americans

President Biden admitted that the Inflation Reduction Act, which was touted as a measure to reduce inflation, actually had less to do with reducing inflation and more to do with providing alternatives for economic growth. He acknowledged that the focus of the act was on reducing the cost of meeting basic needs and creating breathing room, even in the face of inflation. This statement contradicts his previous claims about the bill's ability to lower inflation, cut the deficit, reduce healthcare costs, tackle the climate crisis, and promote energy security.