Newsmax reports on Wayne Crews's study on the size of the federal regulatory burden.
Even as politicians and pundits debate taxes and spending — and spar over the difference between debt and deficit — an economic bogeyman lurks in the closet: government regulations that cost the economy nearly $2 trillion a year.
That staggering figure comes courtesy of Wayne Crews, policy vice president at the Competitive Enterprise Institute, who scrutinized the 81,405 pages of the Federal Registry. That catalog chronicles the nation’s regulations on businesses and state and local governments.
Crews' report, titled Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, contends that government regulations cost the economy $1.75 trillion in 2008.
Read the full article at Newsmax.