There goes another $6 billion in the name of climate when President Joe Biden announced $6 billion in new investments from the Inflation reduction Act and the Bipartisan Infrastructure Law to make communities more resilient to climate change on the social media platform X(formerly Twitter) triggering wide range of questions from the citizens and stirring speculations.
This is one of the big investments towards the climate cause from the US which so far has not been so well taken by the users seeing the post. Many users are confused as to how this step of taking money from the inflation reduction act could possibly reduce the inflation in the country.
What are these questions posed?
- How is this going to affect the inflation reduction?
- How is climate compliance going to reduce the inflation?
- Does spending more and printing more cash solve the inflation problem?
- How is spending $6 billion making communities more resilient to climate change?
These are the main concerns users are worried about and not falling in to more problems during this holiday season. Groceries are becoming more expensive and the government printing more money doesn’t seem to be making much sense to people mainly because when this happens usually this causing more inflation and rise in the interest rates.
More reactions..
While many users expressed their anger and frustrating questions, some started hilarious and insulting quotes questioning the Biden’s move.
A user on the platform X was quick to react with a quick response on hinting towards increase in the interest rates and more taxes. This reaction seems valid and questions on the whole idea behind this.
Users started pointing out that Biden was out of touch while this plan was announced.
Some users got creative with their insults on part of Biden and the US economy with memes –
Watch this space for more.
