A trillion here, a trillion there, and pretty soon you’re talking real money.
INVESTOR’S BUSINESS DAILY headline for April 29, 2014 – U.S. Regulatory Costs Are World’s No. 10 Economy
The article says:
That’s according to the latest annual report on the regulatory state issued by the free-market Competitive Enterprise Institute, titled “Ten Thousand Commandments.”
Compiling reports of compliance costs from various government agencies and outside sources, author Clyde Wayne Crews found that the “regulation tax” imposed on the economy now tops $1.86 trillion.
By comparison, Canada’s entire GDP is $1.82 trillion. India’s is $1.84 trillion.
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