Eric Boehm
With the approval of new rules for catching swordfish, manufacturing cement, and weighing the contents of grain barges, the federal government's listing of regulations surpassed 50,000 pages in length. Not all-time. Oh, no, no. That's just for this year.
Don't let anyone tell you that nothing gets done in Washington, D.C., these days, because the bureaucratic cogs in the federal machine have been hard at work this year. It's only August, but the Federal Register is on pace to reach more than 85,900 pages before the end of the year—breaking the all-time record of 81,611 pages that was set just last year.
Ryan Young, a fellow with the Competitive Enterprise Institute who tracks the daily increases in the federal regulatory state, points out that the compliance cost for regulations approved in 2016 along tally between "$3.92 billion and $6.12 billion." That's a huge amount of money, and even though it will never show up on a bill or be taken out of a paycheck, it's still being paid in hidden ways.
For a perfect example of this, look at the most expensive regulation passed in the last week, according to Young's tracking, which had do with school lunches.......To Read More...
With the approval of new rules for catching swordfish, manufacturing cement, and weighing the contents of grain barges, the federal government's listing of regulations surpassed 50,000 pages in length. Not all-time. Oh, no, no. That's just for this year.
Don't let anyone tell you that nothing gets done in Washington, D.C., these days, because the bureaucratic cogs in the federal machine have been hard at work this year. It's only August, but the Federal Register is on pace to reach more than 85,900 pages before the end of the year—breaking the all-time record of 81,611 pages that was set just last year.
Ryan Young, a fellow with the Competitive Enterprise Institute who tracks the daily increases in the federal regulatory state, points out that the compliance cost for regulations approved in 2016 along tally between "$3.92 billion and $6.12 billion." That's a huge amount of money, and even though it will never show up on a bill or be taken out of a paycheck, it's still being paid in hidden ways.
For a perfect example of this, look at the most expensive regulation passed in the last week, according to Young's tracking, which had do with school lunches.......To Read More...
No comments:
Post a Comment