Government bureaucracy is stifling economic growth
The Milwaukee, Wisconsin Journal Sentinel highlights CEI's study on the cost of federal regulations to American consumers and businesses.
Just look at the explosion in federal regulations. According to the Competitive Enterprise Institute, last year there were 77,687 pages of federal regulations that cost American consumers and businesses nearly $1.9 trillion. The Obama administration alone has added over $600 billion in annual economic costs.
That's money that could develop the next world-changing technology, surpassing the personal computer, the iPhone, or the self-driving car. Instead, it's going to lawyers, accountants and lobbyists — none of which move America forward.