Joe Biden’s Inflation Reduction Act quietly included a massive “slush fund” that’s supposed to be spent on “green energy” but lawmakers have warned the money is destined to be part of MASSIVE fraud.
With Biden in the White House, Democrats have been hell-bent on accelerating America’s foolish transition to “clean energy,” which means the government has set aside boatloads of our tax money for investments in this industry, while simultaneously choking out the nation’s oil and gas industry.
The radical Inflation Reduction Act (which does anything BUT lower inflation) included a sneaky little $27 BILLION for the EPA to hand out via competitive grants for “clean energy investments in low-income communities.”
Now, this alone is a recipe for disaster. More often than not when you give the government massive amounts of cash like this it ends up landing in the laps of crooks that are connected to our own government officials in one way or another.
To make matters worse, the EPA was given a very tight deadline for when the funds must be distributed by – September 2024.
Somehow, it gets worse. The program is COMPLETLEY new for the EPA and the agency has ZERO experience administering funds in such a vehicle.
All of this means that the far-left EPA has been given an extremely large sum of money to spend in a tight amount of time in a way that they’ve never done before.
Obviously this opens the door for a potentially HISTORIC level of fraud and abuse comparable only to the COVID relief funds which saw taxpayers scammed out of billions of dollars.
Watchdog groups and Republican lawmakers alike have warned that this is about to be a complete disaster.
“With billions of dollars on the line, an unusually accelerated timeline for disbursement, and a new and complex funding structure, this program warrants close scrutiny and rigorous oversight,” House Republicans said in a letter sent to Environmental Protection Agency Administrator Michael Regan.
“This program is a completely new undertaking for the EPA,” the letter added, “The EPA has no experience administering such a funding vehicle, referring to it is as ‘a first-of-its-kind” program.”
Even some individuals within the radicalized EPA have expressed concern about what this program will lead to.
EPA Inspector General Sean O’Donnell testified before the Committee’s Subcommittee on Oversight and Investigations about this problem earlier this year, saying the IRA carries “more risk of fraud, waste, and abuse than” we’ve ever seen before.
O’Donnell warned that the IRA’s “clean energy” slush fund and the changes that came with it make the EPA more “prone to inefficiencies and errors.”
“The pace of this spending, when conducted by newly created programs and received by new recipients, significantly increases the vulnerability of all parties to fraud and creates the potential for errors or inefficiencies in execution,” O’Donnell said.
Of course, Joe Biden and his team of radicals may have done this on purpose to open the door for them or their allies to capitalize on this easy opportunity to quietly scam the American people out of BILLIONS.
After all, Communist China, which has paid Joe millions of dollars, does dominate the green energy market.
There is a real possibility that Biden and the Dems may have given the incompetent and underqualified EPA a massive pile of cash KNOWING that they could easily be defrauded out of the funds.