The Alarming Cost Of Climate Change Hysteria

Yahoo News discusses an estimate of the costs of federal regulations from Wayne Crews's study.  

The Small Business Administration estimates that compliance with such regulations costs the U.S. economy more than $1.75 trillion per year — about 12%-14% of GDP, and half of the $3.456 trillion Washington is currently spending. The Competitive Enterprise Institute believes the annual cost is closer to $1.8 trillion when an estimated $55.4 billion regulatory administration and policing budget is included. CEI further observes that those regulation costs exceed 2008 corporate pretax profits of $1.436 trillion; tower over estimated individual income taxes of $936 billion by 87%; and reveal a federal government whose share of the entire economy reaches 35.5% when combined with federal 2010 spending outlays.

Read the full article at Yahoo News.