Wednesday, October 12, 2022

EOs

 Patriot Post

The cost of Biden's EOs: Joe Biden has been in office less than two years, and yet during that span he has issued 99 executive orders, a number exceeding the rate of both of the last two presidents. In four years Donald Trump issued a total of 220 EOs, and over an eight-year span Barack Obama signed 276. But it's not merely that Biden has issued more first-year EOs than any president since the 1970s; it's also the astronomical cost to the American taxpayer those orders have incurred. Those 99 EOs have cumulatively socked taxpayers for $1.5 trillion. Indeed, one order in particular accounts for nearly $1 trillion of that total, and that was Biden's order eliminating student loan debt up to $20,000. Of course, these orders also directly impact the inflation rate, and not in a good way. Congress was given the power of the purse, but increasingly through the use of EOs presidents have increased the spending rate of the federal government, and Biden has put this practice into overdrive. Meanwhile, Biden's latest EO, a new rule on gig workers to ensure that they are covered under the Fair Labor Standards Act, will only serve to hurt small business as well as negatively impact freelancers, though it is a boon for the big unions.

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