Biden Nears 100 Executive Orders That Have Cost Taxpayers Almost $1.5 Trillion
Bo Banks
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President Joe Biden has passed 99 executive orders since taking office.
According to a federal budget expert, these executive orders have together cost the American taxpayer an upwards of $1.5 trillion.
“It could be up to $1.5 trillion in cost to taxpayers just on executive actions, not legislation going through Congress and being signed into law and being debated,” Heritage Foundation’s Matthew Dickerson said during an interview with Fox News.
“It’s just pure executive actions taken by Biden costing taxpayers up to $1.5 trillion,” he added.
Dickerson also knocked the President for keeping the printers on in an attempt to get more money flowing through the economy. Thus adding “to the inflationary pressures.”
“[Continuing to print money] would be significant because all of this new spending that the executive branch is doing, that Biden is doing by fiat,” he said.
“That means more money getting pumped out into the economy that’s being financed by the Federal Reserve, which means the printing presses are on, which means that it adds to the inflationary pressures,” Dickerson said.
“The executive actions that Biden is doing are incredibly harmful for inflation because they are specifically aimed at reducing the supply of labor and goods and services,” he continued.
With inflation at a 40-year high, Dickerson blames the nation’s current standing economically on Biden’s back-to-back $1.9 trillion American Rescue Plan and $1.2 trillion infrastructure bill spending plans from 2021.
The Inflation Reduction Act and student loan forgiveness will likely increase the national debt too. Which is currently sitting at a near $31 Trillion.
“Earlier this year, the nonpartisan Congressional Budget Office produced an analysis showing that less than ten of Biden’s earlier executive actions cost taxpayers already more than $500 billion,” Dickerson said.
According to reporting by The Post Millennial:
Internal memos obtained by Fox revealed GFI boasted about how they had lobbied Biden to enact 20 of their agenda items, all of which pushed for more regulation in areas of education, environmental, health care, housing, and labor issues.
On their website, GFI states, “Many of the proposals on this site focus on how the new administration could unwind the previous administration’s harmful regulatory legacy, but GFI continues to take on new policy projects at all levels of government.”
Other Biden executive orders have helped expand the “welfare state.” Not to mention they have “people to stay out of the workforce” according to Dickerson.
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