Speaking of frauds and cheats, we now dial back to the Biden years when the White House rammed through a Democratic Congress the ironically titled Inflation Reduction Act.

HOTLINE readers know we at UP were among the first  policy groups to expose the phony budget “savings” in the IRA from drug price controls and the Medicare Part D redesign.

Now it’s official. We were right, as this half-trillion-dollar mea culpa from CBO shows:

In its February 2026 baseline, CBO added about $700 billion to the projection of Part D outlays over the 2026 – 2035 period…. Roughly $550 billion of that increase reflected new information concerning the 2026 Part D bids. In CBO’s assessment, the redesign [i.e. the Inflation Reduction Act] was the leading driver of those higher bids.

House Budget Chairman Jodey Arrington issued this statement:

We have once again confirmed that Democrats, with CBO’s analysis in hand, sold the American people a false bill of goods in the Inflation Reduction Act. Combined with the Joint Committee on Taxation’s $600 billion miscalculation of the cost of the Green New Deal tax credits, we now know the IRA cost Americans $1.3 trillion more in new deficit spending.

A TRILLION DOLLAR ERROR is unusually bad work, even in Washington, DC.