From today’s WSJ editorial “Red Tape Record Breakers“:
“For two decades, Wayne Crews of the Competitive Enterprise Institute has tracked the growth of new federal regulations. In his 20th anniversary edition to be released tomorrow, he’ll report [the following] …….
1. The pages in the Code of Federal Regulations hit an all-time high of 174,545 pages in 2012, an increase of more than 21% during the last decade.
2. In 2012, the cost of federal rules exceeded $1.8 trillion, roughly equal to the GDP of Canada ($1.81 trillion) and India ($1.82 trillion).
3. Regulatory burdens cost each US household $14,768, meaning that red tape is now the second largest item in the typical family budget after housing.
4. In 2012, 4,062 federal regulations were at various stages of implementation. The government completed work on 1,172, an increase of 16% over the 1,010 that the feds imposed in 2011, which was a 40% increase over 722 in 2010.
5. Another measure of the regulatory burden: pages in the Federal Register. By that measure, the Obama Administration did not break the all-time record of 81,405 pages it set in 2010. But the 78,961 pages it churned out in 2012 mean that the president has posted three of the four greatest paperwork years on record.
6. When it comes to “economically significant” rules — those estimated to cost at least $100 million each — the current Administration is “in a class by itself” according to Mr. Crews. The bureaucracy finished up 57 such rules in 2012 and another 167 are in the pipeline.