CBO Wins Our Maxwell Smart “Missed it By That Much” Award

UNLEASH PROSPERITY NOW

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.

Read more here.