President Biden has passed 99 executive orders since becoming president and a federal budget expert has estimated that the cost to taxpayers will be upwards of $1.5 trillion, with his recent student loan forgiveness accounting for a huge portion of that amount.
In an interview with Fox, Heritage Foundation's Matthew Dickerson said, "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. It's just pure executive actions taken by Biden costing taxpayers up to $1.5 trillion."
Dickerson continued that as much of Biden's agenda is being implemented by "fiat" it "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."
Inflation rests at a 40-year high, much of which was caused by Biden's back-to-back $1.9 trillion American Rescue Plan and $1.2 trillion infrastructure bill spending plans from 2021.