American individuals and businesses spend an astounding $1.75 trillion every year on complying with federal regulations. Imagine what impact that kind of money could have in the private marketplace. Consider the growth of these regulations just under Dear Ruler and his love of America’s (government) greatness …
Between January 2008 and January 2011, for example, there was a marked growth in the amount of regulation in America — the pace being almost 40% more than the annual rate of increase between 1992 and 2008. Similarly, between 2008 and 2011 the number of people working in federal government regulatory agencies rose by 16% — a total of more than 276,000 people — at a time when private-sector employment was falling.That paints a pretty accurate picture of what is happening in America, doesn’t it?
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