Federal Regulations Cut Standard of Living by 75 Percent Over 56 Years
The 20th annual snapshot of the federal regulatory state published by the Competitive Enterprise Institute (CEI) last month announced the arrival of an unhappy milestone: Regulatory costs now equal more than half of all federal spending. Put another way, the real cost of government in the United States is half-again as much as the federal budget. It is approaching a third of the countryâ€™s economic output. Said CEI in its Ten Thousand Commandments 2013 report: â€śFederal environmental, safety and health, and economic regulations cost hundreds of billions â€” perhaps trillions â€” of dollars every year over and above the costs of the official federal outlays that dominate the [current] policy debate.â€ť
Just how many billions and trillions the regulatory state costs, and has cost, the American economy has been put into perspective by two economists in their paper, â€śFederal Regulation and Aggregate Economic...
I don't know any rich business guy who can take from my paycheck under threat of my imprisonment if I disagree. Rich govt guys, yes. I don't know any rich business guy who can authorize stimulus money, which drives up prices and lowers the value of savings. I don't know any rich business guy who decrees that price increases in food and fuel caused by this monetary inflation shall not be counted as part of the annual inflation rate. Rich govt guys, yes. I don't know any rich business guy who plays the middle class and poor against the rich to distract from who it is doing the real thieving and dollar destruction. Rich govt guys, yes. Only socialists, liberals and other envy-driven uninformed types do this. Even the title of the link make it obvious where Mother Jones is coming from.
Bro. James wrote: Not surprised at all. Most here in America worship the dollar and thumb their nose at Almighty God!!!
Interesting. I would get from the article that it is the govt which is the dollar worshipper, since it on the one hand takes from the mouth of labor the bread it has earned, and on the other builds power idols by authorizing the printing of unsupported money.