Saturday, December 07, 2013

Enforced Malaise

They had to kill the recovery in order to save it:
A new report on the government's regulatory actions was released just before Thanksgiving, and it contains more than 3,300 rules -- which the Competitive Enterprise Institute (CEI) estimates will, together with other regulations, cost more than $1.8 trillion to implement on an annual basis.

At a time when the economy is still struggling to zoom out of its post-recession rut, businesses worry that the crush of regulation is another sandbag weighing down the recovery.

"Back in the '90s, the federal budget itself was not even $1.8 trillion," said Wayne Crews, vice president of policy for CEI. "Now we have this entire $1.8 trillion hidden tax, you could say, of government compliance and intervention cost imposed in the economy."
Letting the economy recover on its own would discredit big government...

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