Big
government has long been synonymous with inefficiency, and the bigger the
government the worse the inefficiency. One of the many culprits behind the inefficiency
of government is bureaucratic red tape. The culprit behind bureaucratic red
tape is the flood of regulations the Washington bureaucracy churns out faster
than MacDonald’s churns out hamburgers. Under President
Obama,
government regulations are growing like a cancer that envelops the vital organs
of the economy. The Heritage Foundation offers the following information about
the proliferation of government regulations:
During
his six years as president, Barack Obama’s administration has issued 157 new
major rules at an annual cost of $73 billion. This is twice as many regulations
as the George W. Bush administration averaged each year, and President Bush was
not known for his reluctance to establish new regulations.
Obama’s
regulators have already identified 135 additional rules they plan to enact this
year. If 157 bureaucratic regulations
collectively cost the American people $73 billion dollars, that means we are
paying an average of $464,968.15 per regulation. These regulatory costs come
right out of the pockets of every American taxpayer, either directly or
indirectly. Further, every dollar that must be spent to satisfy a government
regulation is a dollar that could have been used by hard-working Americans to
meet the needs of their families or could have been invested by American
businesses in becoming more competitive and in helping create jobs……To Read More……
No comments:
Post a Comment