Hang on to your wallet. Obama’s not finished spending all of your money on his pet projects.
With less than 30 days to go as the President of the United States, Obama will spend ANOTHER $6 billion on MORE “midnight regulations.”
Sam Batkins, from the American Action Forum, said, “These five measures alone could impose $5.1 billion in costs and more than 350,000 paperwork burden hours. In addition, three other rules in proposed form could add $898 million in burdens and 146,000 paperwork hours, for a cumulative total of nearly $6 billion in potential midnight costs and nearly 500,000 burden hours from the two agencies. Consider, EPA and Interior have already imposed $349 billion in previous burdens since 2009.”
“The magnitude, $5 billion in long-term costs, and timing could raise suspicion in Congress,” Batkins continued.
When the dust settles and the holidays are over, Obama will have spent OVER $1 trillion on the kind of federal regulations and bureaucratic red tape that chokes business and trade.
These regulations must be written on pigskin because they sound like a Hail Mary pass from an administration that knows it’s the fourth quarter, fourth down, with 29 seconds on the clock and 99 yards to go.
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