johngaltshrugged
Diamond Member
- Oct 15, 2020
- 6,714
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An overlooked but extremely detrimental inflation causing policy coming from the diaper dude's administration has been the massive amounts of regulations that have added another $200 billion in costs for the struggling American economy.
Every regulation has a cost & some are much more than others. Pedo Joe has finalized 69 "economically significant" regs that each carry a cost of at least $100,000,000 to our economy.
He has added more regs in his first years than any other resident & it is choking our economy. 75,000 new pages!
He may not be making any real decisions but that doesn't excuse him from the total mess he has made in 1.5 yrs.
Nobody is this incompetent by accident & this fraud resident is the frontman for a controlled implosion. He's just too dementia damaged to realize he will be the stooge they will blame for the destruction.
The size of the regulatory state has reached record highs. The Code of Federal Regulations, which codifies all current federal regulations, already spans more than 105 million words across nearly 190,000 pages. Those pages include more than 1.3 million regulatory mandates and restrictions. Nearly half of those mandates and restrictions flow from just five federal agencies, with the Environmental Protection Agency leading the pack.
The volume of regulations has soared by nearly 40 percent in the last two decades, with no sign of slowing down.12 In 2021, the Federal Register published nearly 75,000 pages of new proposed and final regulations, executive orders, presidential proclamations, and agency notices.
The sheer volume of regulations alone is overwhelming, making it impossible for a person to know and follow every rule to which they are subject. But discordance between the rule of law and “rule by regulation” is only part of the problem. The cost to federal taxpayers to develop, administer, and enforce these regulations has more than tripled since 2000—reaching nearly $80 billion per year by 2021. Worse yet, these costs only account for a subset of federal agencies that primarily regulate the private sector, excluding several major agencies, such as the Internal Revenue Service, Social Security Administration, Department of Defense, and the Centers for Medicare & Medicaid Services.
But the direct costs to create and enforce regulations tell only part of the story. Americans spend more than 10 billion hours on regulatory compliance paperwork alone, costing more than $140 billion every year. When accounting for compliance costs, economic losses, and other costs, federal regulations cost Americans an estimated $2 trillion each year.
Every regulation has a cost & some are much more than others. Pedo Joe has finalized 69 "economically significant" regs that each carry a cost of at least $100,000,000 to our economy.
He has added more regs in his first years than any other resident & it is choking our economy. 75,000 new pages!
He may not be making any real decisions but that doesn't excuse him from the total mess he has made in 1.5 yrs.
Nobody is this incompetent by accident & this fraud resident is the frontman for a controlled implosion. He's just too dementia damaged to realize he will be the stooge they will blame for the destruction.
The size of the regulatory state has reached record highs. The Code of Federal Regulations, which codifies all current federal regulations, already spans more than 105 million words across nearly 190,000 pages. Those pages include more than 1.3 million regulatory mandates and restrictions. Nearly half of those mandates and restrictions flow from just five federal agencies, with the Environmental Protection Agency leading the pack.
The volume of regulations has soared by nearly 40 percent in the last two decades, with no sign of slowing down.12 In 2021, the Federal Register published nearly 75,000 pages of new proposed and final regulations, executive orders, presidential proclamations, and agency notices.
The sheer volume of regulations alone is overwhelming, making it impossible for a person to know and follow every rule to which they are subject. But discordance between the rule of law and “rule by regulation” is only part of the problem. The cost to federal taxpayers to develop, administer, and enforce these regulations has more than tripled since 2000—reaching nearly $80 billion per year by 2021. Worse yet, these costs only account for a subset of federal agencies that primarily regulate the private sector, excluding several major agencies, such as the Internal Revenue Service, Social Security Administration, Department of Defense, and the Centers for Medicare & Medicaid Services.
But the direct costs to create and enforce regulations tell only part of the story. Americans spend more than 10 billion hours on regulatory compliance paperwork alone, costing more than $140 billion every year. When accounting for compliance costs, economic losses, and other costs, federal regulations cost Americans an estimated $2 trillion each year.
Congress Must Rein in President Biden's Regulatory Spending Spree to Tame Inflation
In order to tame inflation, federal lawmakers should rein in costly rules to restore legislative oversight and accountability.
thefga.org