By Adam Andrzejewski for RealClearPolicy
In less than two years since taking office, President Joe Biden has issued 99 executive orders, greatly outpacing both the Trump and Obama administrations in the same time period — at a cost to taxpayers of nearly $1.5 trillion.
Donald Trump issued 220 executive orders throughout his four-year presidency, while Barack Obama issued 276 over his eight years in the Oval Office, Fox News reported.
Most Biden’s orders came his first year, when he issued more than any president since the 1970s.
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The budgetary impact analyses included with each order are vaguely worded and only show if the order will have no impact, increase or decrease federal costs, which makes it difficult to assign a specific dollar cost to each, Fox News noted.
But a recent Penn Wharton Budget Model shows the recent student loan forgiveness executive order alone could cost up to $1 trillion, up from the original estimated cost of $500 billion.
The Heritage Foundation’s Matthew Dickerson told Fox News that according to the nonpartisan Congressional Budget Office, Biden’s earlier orders already cost taxpayers $500 billion.
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“So, 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,” he said. “All of this new spending that the executive branch is doing, that Biden is doing, is by fiat.”
These executive orders could impact inflation.
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More printed money flooding the economy, financed by the Federal Reserve, fuels inflation, Dickerson noted. The U.S. Army recently suggested that soldiers take advantage of the Supplemental Nutrition Assistance Program — food stamps.
Biden’s executive orders have expanded “the welfare state” and paid “people to stay out of the workforce,” Dickerson said. “So that’s only exacerbating the 3.3 million worker shortage that we see in the economy.”
Syndicated with permission from RealClearWire.
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We cannot run a Country by executive orders only. Its an abuse of our tax dollars. Its a taxation without representation so why vote for people in Congress if Presidents are going to by-pass the power of the purse?!
It was the Democrats that said that about Trump. Dems came down hard on him for writing so them. Out of Biden and Obama, Trump issued the less, but the mass medias claimed he was the worst President ever to write so many.
And once again I arrive at the comments section only to find the same “I’m making all this money working from home” ads. I just really don’t need to see these, nor does anyone else. Like this post if you agree. Maybe some moderator will finally get our message and remove these irksome posts having nothing to do with the articles.
G’day from Australia;
Here in the land of Down Under & swiftly after our borders were slammed shut early in the Pandemic the world didn’t need to have, the bulk of our entire national economy’s engine room workforce was shut down, locked in their homes & a 5 kilometer movement radius enforced.
Our Fed Government ” in it’s Holistic Wisdom ” invented
( Job-keeper ), so Aussies once enjoying reasonably paying & very satisfying jobs/careers, could eke out a living until Covid waves eased sufficiently & vaccination rates using dubious, basically untested vac’s, had gone through the proverbial roof.
The long upshot of this is: Businesses Australia-wide for more than a year & counting have been ” shouting from the roof-tops ” seeking employees to prevent their heavily invested livelihoods from going bust.
But with Job-keeper being so generous & existing far longer than it should’ve, recipients kept shoving their hands out accordingly & Australia now has a similar blown-out deficit respectively, & lower long-term GDP growth too boot.
Power corrupts . . . . Absolute Power, corrupts absolutely!!
Time to get rid of gropey and dopey!😝