“Penn Wharton initially thought it (Inflation Reduction Act) would reduce the national debt by about $264 billion over the 10-year budget window. That’s because some provisions cost money while others saved money, with the net effect being a modest savings to taxpayers. But Penn Wharton now thinks the IRA will add about $1 trillion to the debt, for a net swing of nearly $1.3 trillion out of the federal purse.”
