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The Obama Economy Offers Bad News For Millennials

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The Obama Economy Offers Bad News For Millennials

Ronald Reagan lightened the weight of government as measured by taxation and regulation. Obama has done the opposite. According to the annual "snapshot of the federal regulatory state" compiled by Clyde Wayne Crews Jr. of the Competitive Enterprise Institute, four of the five largest yearly totals of pages in the Federal Register — the record of regulations — have occurred during the Obama administration. The CEI's delightfully cheeky "unconstitutionality index," measuring Congress' excessive delegation of its lawmaking policy, was 51 in 2013. This means Congress passed 72 laws but unelected bureaucrats issued 3,659 regulations.