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tomder55 · Jun 30, 2023, 04:37 AM

disclaimer ... 'The Committee to Unleash Prosperity ' is a group founded by the top 'supply side ' economists in the country.

Their report is eye opening .

CTUP_BurdenisBack_ComparingRegulatoryCosts.pdf (committeetounleashprosperity.com)

According to the report researched and written by Casey Mulligan, a professor of economics at the University of Chicago..... Since Clueless Joe became President ; new regulations has cost each American household on average almost $10,000 more .

The added costs from these Biden-era final rules, which include both their current and expected future costs, amount to almost $10,000 per household. If regulatory costs continue to rise at the same rate as they did during the Obama administration, the total costs of Biden's rulemaking over an eight-year period would almost reach $60,000 per household

Clueless "has so far been adding regulatory costs at a rate of $617 billion per year of rulemaking.” .....totaling $7 trillion !!!
The report notes that the Trump Adm. added new rules at a faster rate . But they did not cost as much. To his credit ,Trump's deregulation efforts saved $11,000 per household during his term.

“President Trump showed that regulatory costs can be subtracted rather than perpetually added,” “Eight years would have saved a total of more than $21,000, which is a gap of $61,000 to $80,000 from the Biden trajectory.”

Let's hear it for Bidenomics !!!!

tomder55 · Jun 30, 2023, 07:30 AM

More Bidenomics

In CBO’s projections, the deficit equals 5.8 percent of gross domestic product (GDP) in 2023, declines to 5.0 percent by 2027, and then grows in every year, reaching 10.0 percent of GDP in 2053. Over the past century, that level has been exceeded only during World War II and the coronavirus pandemic...

By the end of 2023, federal debt held by the public equals 98 percent of GDP. Debt then rises in relation to GDP: It surpasses its historical high in 2029, when it reaches 107 percent of GDP, and climbs to 181 percent of GDP by 2053. Such high and rising debt would slow economic growth, push up interest payments to foreign holders of U.S. debt, and pose significant risks to the fiscal and economic outlook...

The 2023 Long-Term Budget Outlook | Congressional Budget Office (cbo.gov)