US regulatory costs amplify pressure of the mammoth deficit

With annual spending by the US government approaching $4 trillion and the federal deficit exceeding a quarter of that, why worry about an extra trillion bucks or two in regulatory costs? Numbers with so many zeros induce dizziness. Who can keep track? Is anyone keeping track? No. No one keeps close account of the costs of federal regulation. That’s the problem. It amplifies economic pressure from the deficit. An annual report published by the Competitive Enterprise Institute estimates the cost of federal regulation at $1.8 trillion. Author Clyde Wayne Crews Jr., a CEI vice-president, bases that number partly on an estimate by the Small Business Administration of regulatory compliance ...

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