Thursday, May 01, 2014

U.S. Regulatory Costs are Out of Control

“The more corrupt the state, the more numerous the laws.”
The Annals of Imperial Rome

The federal government now devourers 31 percent of the U.S. economy due to trillions in spending and thousands of pages of costly regulations. Nearly a third of all income is being consumed by an out of control bureaucracy.  When Fascists, Socialists, Communists are unable to create sedition at the ballot box they do it by regulating people into submission.  

This is why the US government is buying up billions of rounds of ammunition, because, AS OF YET, they can't make the sale of ammunition illegal.  So, what they do is to purchase so much ammo that it actually dries up the civilian market.  The hilarious thing is that the US government is actually using the people's money to disarm the people.  The liberals who HATE the United States Constitution think that this is just the funniest thing. 

The Competitive Enterprise Institute (CEI), a free-market think tank, put out a report on Tuesday saying that the regulatory costs of federal rules amounts to $1.863 trillion per year, or 11.1 percent of the U.S. economy. Combine this with the $3.454 trillion in federal spending last year and the U.S. federal government consumes 31 percent of the economy.

U.S. regulatory costs alone are bigger in size than the economies of Australia and Canada. Regulatory costs would be the 10th largest economy in the world, according to CEI, slightly larger than the economy of India.

Federal agencies crank out thousands of new regulations every year, but we have little information on the cost or effectiveness of most of them.  There is little transparency and no reliable source of information on exactly what benefits rules are supposed to be generating or if they are serving their intended purpose.”

The federal government has been rapidly adding regulations to the Federal Register since obama took office in 2009.  Obama the great 'Liar and Chief' has presided over the top four record-breaking years in terms of the number of pages added to the Federal Register. 


The regulatory state wasn’t small before, but it has become an out of control freight train under the failed leadership of the Obama administration.    The president has declared that law and order means nothing to him by stating pompously he will not wait for Congress to pass legislation because he has a pen and a phone. Which means this administration fully intends to by pass Congress and implement policy through regulation.  The exact same thing Hitler did in Germany.  obama is the worst president in the history of the united states and that really take a lot of work, because there have been so many horrible, useless politicians in the oval office. 


No comments: