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Saturday, November 2, 2024

Amid Economic Chaos, Biden Budget Spends Nearly $40B for Global Climate Change

'The Biden budget has one-sixth of a page on the opioid epidemic followed by six pages about climate... '

(Tony Sifert, Headline USA) Not even a land war in eastern Europe, and crippling inflation and soaring crime rates at home, can deter the Left from pumping untold billions into its radical climate change obsession.

President Joe Biden’s recently-released $5.8 trillion budget proposal for fiscal year 2023 includes at least $36 billion to “fight global climate change,” CNBC reported.

According to CNBC’s breakdown, the budget includes, among other things, $10 billion for clean energy innovation, $6.5 billion for rural clean energy storage and transmission projects, $4 billion for advancing climate research, and $1.4 billion for environmental justice initiatives.

In a press release, the White House pitched the spending as a job-creation program for the “clean energy” industry, and claimed that “at least 40 percent of the overall benefits from tackling the climate crisis [will] reach disadvantaged communities.”

“A core pillar of President Biden’s economic agenda is creating good-paying union jobs and reducing energy costs by tackling the climate crisis,” the White House said.

According to the Natural Resources Defense Council, Biden’s budget is focused on mobilizing “key U.S. agencies and funds to drive investments that rapidly cut emissions this decade to keep the chance of holding global temperature increase to 1.5°C (2.7°F) alive.”

The council also lauded Biden’s willingness to commit more than $11 billion annually to “international climate finance.”

In September, 2021, Biden told the U.N. General Assembly that “the United States would provide more than $11 billion of climate aid annually by 2024 to assist poorer countries vulnerable to extreme weather and rising temperatures,” Politico reported.

“This will make the U.S. the leader of public climate finance,” Biden said.

Rep. Marjorie Taylor Greene, R-Ga., took to Twitter to criticize the government’s emphasis on climate change while inflation skyrockets.

“Biden’s $5.8 TRILLION budget is loaded with America last climate change energy loss spending and woke environmental justice & fake equity spending but does nothing for Americans suffering from inflation costing them $3,500 extra per year,” she wrote.

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