That was a long time ago, yet sometimes that rage kicks in when I read about the creeping socialism that is slowly destroying America.
The Competitive Enterprise Institute (CEI) put out a study today titled “Ten Thousand Commandments – An Annual Snapshot of the Federal Regulatory State.” The results will make you spitting mad.
The author Wayne Crews, Vice President for Policy at CEI, found that federal regulation cost $1.88 trillion in 2014 in lost economic productivity and high prices. This breaks down to about $14,976 per household and 29% of an average family budget.
Think about it this way. The U.S. economy is expected to produce about $17 trillion this year in output, yet it would be more if the government didn’t hammer the private sector with the hidden tax of regulations. Regulations are exporting jobs from America to countries with fewer regulations.
When left wing millionaire candidates like Hillary Clinton make believe they want to be a “champion” for the middle class, they never talk about taking action to spur economic growth. They dare not talk about reducing regulations and shrinking government. They always play the class warfare card and pit average America against the evil super rich.