Mind bottling and incredibly corrupt. How can any democrat support this?
American Tax Payers, This Is MIND BLOWING
Joe Biden’s ONE WEEK SPENDING Is Just $20 Billion Shy Of What Barack Obama Spent During 2 Full Terms In Office
“This past week alone, the Biden admin spent $875.3 billion on regulatory issues and 4.7 million on paperwork. In context,
This is just $20 billion less than what President Obama spent during two complete terms in office.”
New Report from former Director of the Congressional Budget Office: Biden Admin spending quote, “Jaw-dropping regulatory record”
Comparison:
Biden has spent over $1.37 trillion
Trump spent 30.1 billion
Barack Obama spent 303.1 billion
“Regulatory spending because the Biden admin is breaking records this week. So there was an article that came out in the New York sun and it was talking about the absolutely insane amount of regulatory spending that Biden's been doing. And the article referenced a report by an organization called the American action forum.
So I looked this up. It's an organization that's been around since 2009 and it's led by the former director of the Congressional Budget Office, Douglas Holtz-Eakin. And part of what they do is an analysis of economic, domestic, and fiscal policy issues.
And I know this probably sounds boring, but stick with me because you want to know where your money's going.
So they do this series called Week in Regulation. And according to their data, this past week of spending by the Biden admin has been a, quote, jaw-dropping regulatory record. Why is that?
This week's spending by Biden is unlike any other week in over 13 years that this organization has been tracking new federal government regulations. They compared regulatory activity from Biden, Trump, and Obama, and they did this by tracking the president's inauguration day up through April 19th of their fourth year in office. And the results showed that Biden has spent over $1.37 trillion.
Now, by comparison, Trump spent 30.1 billion and Obama spent 303.1 billion. And again, this is regulatory spending, not overall budget. But this past week alone, the Biden admin spent $875.3 billion on regulatory issues and 4.7 million on paperwork. In context,
This is just $20 billion less than what President Obama spent during two complete terms in office.
Like, let that sink in for a second. And what's even more ridiculous is the Biden admin has actually created less rules going into effect than either Obama or Trump, but the cost of their insane programs has been billions and billions and billions of dollars more in what is being called a, quote, regulatory tsunami, end quote. So,
I know you guys want to know what is the Biden admin spending this astronomical amount of regulatory funding on? You guessed it, climate change initiatives, things like stringent vehicle emission standards, new department of energy efficiency standards for general service lamps, new department of labor regulations on minor exposure standards and what pushed the Biden admin into this trillion dollar territory is the EPA's latest tailpipe emissions rules for passenger vehicles.
So on top of that, I mentioned paperwork hours earlier. Overall, the Biden admin has spent $276 million in paperwork burden hours. And that's just insane. And like the report states, quote, it was one thing for the current administration to surpass the first term total for the Obama administration. But this past week's total alone, however, nearly matched the entire Obama presidency.
For perspective, if the Biden administration regulatory costs were a country, its gross domestic product would rank 17th in the world, just behind Indonesia."
“I don't know what you guys think, but that's just insane. It's insane spending. So that's where your money's going”