Wednesday, April 30, 2014

You're paying too much for government, America.

Try this on for size, Americans.

After years of rapid growth during the Obama administration, the cost of federal regulations is now bigger than the entire economies of all but nine countries in the world.
That's according to the latest annual report on the regulatory state issued by the free-market Competitive Enterprise Institute, titled "Ten Thousand Commandments."
Compiling reports of compliance costs from various government agencies and outside sources, author Clyde Wayne Crews found that the "regulation tax" imposed on the economy now tops $1.86 trillion.
By comparison, Canada's entire GDP is $1.82 trillion. India's is $1.84 trillion.
Government regulations -alone- cost you more than Canada makes in a year. What does that look like?
This is a picture of a trillion bucks in $100's. We're talking double this.
But wait there's more!

On a per-household basis, federal regulatory costs average $14,974, which is more than the typical household spends on just about anything else.
When regulatory costs are combined with federal spending, Washington's share of the economy rises to an eye-popping 31%.

So you want to know why you're poor? That's why. And they are piling on more every day, and the rate of increase is accelerating.  I figure four or five more years of this and half of America is going to be right where Cliven Bundy is now, with a SWAT team on the front porch because you ran over a desert tortoise.

America: getting what you voted for, good and hard.

The Phantom

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