John Stossel joined Bill O'Reilly on "The Factor" to break down new reports of hefty costs to taxpayers for trips taken by the Obama family to various exotic locations around the world. 

According to Judicial Watch, Air Force records show that nearly $16 million in tax dollars was spent just to fly the Obamas to, from and around Hawaii and Africa.

That breaks down to around $210,877 per hour for travel alone for the Obamas' vacation to Honolulu in January. At 36.9 total hours, the total cost to taxpayers for the vacation's flight expense was $7,781,361.30. The cost of flights to, from and around Africa was $228,288 an hour for 35.5 hours. The flight expense alone totaled a whopping $8,104,224, according to Air Force records. 

"I hope they had overhead baggage," O'Reilly said.

Stossel pointed out that Obama's travel expenses have been no worse than his predecessors George W. Bush and Bill Clinton, and that the costs of air travel are only part of the expenses incurred by presidents going on trips abroad. Judicial Watch's numbers don't take into account the costs of accommodations, Secret Service detail and special military envoys that must accompany the president wherever he vacations.

"Why don't we just have the military fly everybody around? Why do we have to pay for it, the taxpayer? Put it in the military budget. Let them do it," O'Reilly said. 

Stossel was quick to respond that the taxpayers pay for the military's budget as well.

O'Reilly recalled a 2013 ski trip that first lady Michelle Obama took with her two daughters to Aspen, Colorado that cost $81,000. "Sixty-five thousand dollars for a hotel," O'Reilly said, "You can buy a condo, maybe not in Aspen, but go out to the 'burbs and you'll get a condo."

"This is the royal presidency," said Stossel. "What upsets me more is when they were stopping White House tours because they said sequester was so awful, Sasha and Malia did spring break on Paradise Island in the Bahamas with Secret Service."

See the full segment above.