Promise one thing, deliver another. It’s a tactic Democrats have used time and again: the bait and switch.

Last year, Democrats enacted their reckless green spending spree, and labeled it the Inflation Reduction Act. Starting with the name, just about every assurance Democrats made about the bill is false. Among other claims, the White House asserted that spending a tidal wave of taxpayer money would reduce the deficit, lower costs for families, grow the economy and create jobs.

Will it? Thanks to recent modeling results from the U.S. Energy Information Administration, we can say with confidence the answer is no. The Energy Information Administration is one of the world’s premier energy modeling institutions. Every year it issues a “business as usual” reference forecast that includes, to the extent possible, all current laws and rules affecting the energy sector. It also issues forecasts based on different policy, economic and technology assumptions.

Among the many scenarios the Energy Information Administration just released was one without the Democrat law (“No IRA”) and one in which businesses and consumers make full use of the law’s provisions (“High IRA Uptake”). The one with the Democrats’ energy and climate plans fails to produce a stronger economy, more jobs or more disposable income. That’s not what the sales pitch said.

The good news is that there is a way to expand our economy, help American families thrive and begin to tackle our enormous budget deficit. The Energy Information Administration examined what might happen in a future with significantly greater oil and natural gas output (“High Oil and Gas Supply”).

Compared with the High IRA scenario, the results are astonishing. From 2023 to 2050, the high oil and gas supply case produces $35 trillion more in total gross domestic product. That’s more than the entire federal debt of $32 trillion.

The federal government typically collects about 20% of GDP in revenue. That greater growth would translate into an additional $7 trillion in federal tax revenue through 2050. That’s 2.5 times the amount in the Social Security trust fund at the beginning of 2023.

Compare this to the spending binge Democrats rammed through Congress. The Committee for a Responsible Federal Budget tallied up the costs and found the law will add more than $4.8 trillion to deficits between 2021 and 2031.

Despite Democrat promises, it turns out going green means going further into the red. With Social Security and Medicare facing fiscal challenges, climate extremism will only make addressing our fiscal problems worse.

The benefits of a robust oil and gas sector don’t stop with GDP and revenue. Energy Information Administration data show the average number of U.S. jobs would be 4.5 million higher each year compared with the High IRA case. Families and businesses would enjoy lower prices for electricity, gasoline, diesel, home heating oil, natural gas and propane. Disposable income would average $645 billion more per year. Carbon-dioxide emissions from energy would be 11% lower in 2050 than in 2022.

The president’s blind loyalty to climate extremists is driving him to shut down conventional energy production and deny the American people its benefits. The president let slip during his State of the Union speech that he believes we’ll need oil and gas only for another decade. His climate envoy John Kerry offered seven or eight years.

They’re living in a fantasy world. In the real world, every reputable energy forecast shows that people will use huge amounts of oil, gas and coal at least to 2050.

Someone will have to supply that energy to a growing world. America is perfectly positioned to do so. We can do it more cleanly, more efficiently and more securely than anyone else. Russia, Venezuela, Iran and Saudi Arabia will fill whatever void we leave.

Forecast models don’t provide answers. They provide insights. The key insight from the Energy Information Administration’s modeling—and one that has been consistent over the years—is that a strong, vibrant oil and gas sector is vital to a healthy U.S. economy. It underpins growth. It’s a source of revenue. It stimulates job creation. It lowers energy costs for families. It enhances our competitiveness. It advances our geopolitical interests.

The Biden administration brags about erecting obstacles to traditional energy production. It is trying to ban gas stoves, eliminate conventional cars, and end the use of fossil fuels. The goals are completely unrealistic, but the policies have dramatic and negative consequences for our economy and security.

The permitting reform and energy bills Sen. Shelley Moore Capito and I will introduce and similar legislation the House just passed will help revive the “all of the above” energy strategy that has served the country so well.

One of America’s biggest economic and geopolitical assets is its energy resources. It’s time we put them back to work.