{"id":32079,"date":"2012-09-20T14:07:52","date_gmt":"2012-09-20T18:07:52","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=32079"},"modified":"2012-09-23T16:56:00","modified_gmt":"2012-09-23T20:56:00","slug":"so-just-what-do-federal-regulations-cost-the-us","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=32079","title":{"rendered":"Federal Fiscal Follies &#8211; So, Just What Do Federal Regulations Cost the US?"},"content":{"rendered":"<p>Ever wondered just how much Federal regulations cost the US economy?\u00a0 Well, we now have a couple of reasonable estimates of that cost under &#8220;Obamacare&#8221;.<\/p>\n<p>It ain\u2019t pretty.<\/p>\n<p>The libertarian-leaning Competitive Enterprise Institute estimates the cost <a href=\"http:\/\/washingtonexaminer.com\/1.8-trillion-shock-obama-regs-cost-20-times-estimate\/article\/2508466#.UFtFh6PzrTq\">will be approximately $1.8 trillion annually when \u201cObamacare\u201d is fully implemented in 2014<\/a>.\u00a0\u00a0 That\u2019s in relatively good agreement with a similar estimate from the Small Business Administration of $1.7 trillion annually.<\/p>\n<p>For comparison, the current US GDP is approximately $15 trillion.\u00a0 It&#8217;s currently growing at a rate of less than 2% annually.<\/p>\n<p>Yes, your mental math is correct.\u00a0 That means the cost of complying with governmental regulations in 2014 will consume well over 10% of the value of all goods and services produced in the USA.<\/p>\n<p>Some amount of governmental regulation is necessary.\u00a0 But the cost of compliance with necessary regulations shouldn\u2019t consume anywhere near 10% of the total output of the domestic economy.<\/p>\n<p>No wonder the US economy is in trouble.\u00a0 We\u2019re slowly strangling ourselves with red tape.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Author note<\/strong>:\u00a0 the title of this article was edited to make it apparent that this article was the first in a series.\u00a0 No other changes were made to the article other than adding this note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever wondered just how much Federal regulations cost the US economy?\u00a0 Well, we now have a &hellip; <a title=\"Federal Fiscal Follies &#8211; So, Just What Do Federal Regulations Cost the US?\" class=\"hm-read-more\" href=\"https:\/\/www.azuse.cloud\/?p=32079\"><span class=\"screen-reader-text\">Federal Fiscal Follies &#8211; So, Just What Do Federal Regulations Cost the US?<\/span>Read more<\/a><\/p>\n","protected":false},"author":623,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-32079","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/32079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/623"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32079"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/32079\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}