That Cost What ?

CBN News posted an article today about the cost of federal regulations.

The article reports:

Author Phil Kerpen looks at how such regulation is crippling the economy in his book titled Democracy Denied: How Obama is Ingnoring You and Bypassing Congress to Radically Transform America. 

How much do regulations cost?

“They found that each federal regulator destroys an average of 98 private sector jobs per year,” he said.

And each federal regulator wipes out about $6.2 million in economic output each year.

The bottom line:

“These busy bodies who are being paid with our tax dollars are spending all day long interfering in the private economy, and that has a very real, very negative cost associated with it,” Kerpen said.

The same study found cutting the budgets of the federal regulatory agencies just 10 percent would add about $150 billion to the gross domestic product every year.

And increase the creation of private jobs by 2.5 million or so a year.

We live in a representative republic. We are responsible for the government we have. If the government is not working, we have the responsibility to replace it. “Nuff said.

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