The sixth in an occasional series that shines a bit of light on the regulatory state.
Today’s Regulation of the Day comes to us from the Department of State ($35 billion 2007 budget, 30,266 employees).
The United States is fighting two wars and a recession. A multi-trillion dollar unfunded Medicare/Social Security liability looms over our heads like the sword of Damocles. This year alone will see a budget deficit of at least $1.8 trillion.
The folks at the IATTC are the people behind the dolphin-safe emblems emblazoned on canned tuna. Not sure what else they do, besides costing taxpayers more than $2 million in annual membership dues (see table in Appendix 5).