The Pittsburg Trib cites Wayne Crews's study on the federal regulatory state.
It gets worse. Clyde Wayne Crews of the Competitive Enterprise Institute says that "the government's reach extends far beyond the taxes that Washington collects and the deficit spending at which it excels." He explains it in detail in "Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State."
One economist cited in Crew's report estimated that regulatory compliance costs hit nearly $1.2 trillion in 2007 — almost half the federal budget.
Crews argues that regulatory costs should be accounted for just like federal spending. Cost-benefit analysis should be provided before a regulation is imposed.
Read the full article at TRIB Live.