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	<title>Comments on: Poor Regulations</title>
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		<title>By: Red Baker</title>
		<link>http://www.frontpagemag.com/2014/lloyd-billingsley/poor-regulations/comment-page-1/#comment-5473067</link>
		<dc:creator><![CDATA[Red Baker]]></dc:creator>
		<pubDate>Thu, 21 Aug 2014 00:32:00 +0000</pubDate>
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		<description><![CDATA[Some conservative think tanks (Cato, CEI, Heritage) have been calculating the cost of federal regulations for years. Their estimate is pretty good. Given the fast pace of Obama&#039;s regulation generating, we&#039;re probably up to an annual cost of regulatory compliance of about $2 trillion. The cost of state and local regulations is unknown, but let&#039;s take a wild guess at $1 trillion annually. 


If true, that would mean an annual cost of regulation compliance to GDP of $3 trillion. Therefore the no-regulation GDP is about $15 trillion, which makes the regulation cost another 20% on top of GDP. Compare that to the money spend by government alone for &quot;protection&quot; - police, fire/rescue, courts, and jails and prisons of about $350 billion, or about 10% of the cost of regulation. Are businesses, industries and consumers so dangerous that we must spend ten times as much of economy on regulation compliance as we spend for all of &quot;protection&quot; by government?]]></description>
		<content:encoded><![CDATA[<p>Some conservative think tanks (Cato, CEI, Heritage) have been calculating the cost of federal regulations for years. Their estimate is pretty good. Given the fast pace of Obama&#8217;s regulation generating, we&#8217;re probably up to an annual cost of regulatory compliance of about $2 trillion. The cost of state and local regulations is unknown, but let&#8217;s take a wild guess at $1 trillion annually. </p>
<p>If true, that would mean an annual cost of regulation compliance to GDP of $3 trillion. Therefore the no-regulation GDP is about $15 trillion, which makes the regulation cost another 20% on top of GDP. Compare that to the money spend by government alone for &#8220;protection&#8221; &#8211; police, fire/rescue, courts, and jails and prisons of about $350 billion, or about 10% of the cost of regulation. Are businesses, industries and consumers so dangerous that we must spend ten times as much of economy on regulation compliance as we spend for all of &#8220;protection&#8221; by government?</p>
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