Let's calculate that. There are about 800 million[0] passengers on domestic and foreign owned airlines in the US market, with many people flying more than once per year.
Each person is taxed between 1-2 hours in terms of "safety" regulations, ranging from backscatter scans to nail clipper seizures to water bottle appropriations. Once on the plane, they are again taxed by about 15-30 minutes on each end from the ban on use of laptops, including the emergency landing song-and-dance that the vast majority[1] of passengers have already seen.
So let's say conservatively about 2 hours in total. So 1.6 billion hours per year. At a conservative estimate of $10 per hour, that's $16 billion per year. This does not include the $8.1 billion wasted on the TSA itself.
[0] http://www.usatoday.com/travel/flights/2010-03-29-airline-pa...
[1] In the unusual circumstance that a first time flyer is on board, a video could instead be played during check-in online, in the lounge, or on the seat back rather than slowing everyone down to look at the flight attendant. Would not be surprised if the percentage of first-time flyers on US domestic flights is less than 5%.