Carpe Diem, Economics, Regulation

Red tape facts: Regulatory costs are now the second largest item in a typical family’s budget

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.

22 thoughts on “Red tape facts: Regulatory costs are now the second largest item in a typical family’s budget

      • And why won’t they regulate cable TV channel numbers? They’re all different from one city to the next. Takes forever to find the Discovery Channel when I travel for business.

        • Takes forever to find the Discovery Channel when I travel for business“…

          You can get a local channel guide for cable/dish via the internet – you just need to find out what service is feeding the hotel/motel you’re staying at…

        • I don’t know where you stay when you travel on business, but I can’t recall the last time the TV in my room didn’t provide a channel guide.

    • Dude, the government is in cohoots with Monsanto! Monsanto puts chemicals in jet fuel. That creates the “contrails” that come from jets. The poison works its way into the ground so only Monsanto seeds can grow.

      Check it out, man!

      • Chemtrails! Some chick who used to be in the military just blew the whistle or accidentally told the truth or something. It’s true. I saw it on Facebook. The idea is for the government to use chemtrails to douse the earth with chemicals so that normal seeds won’t grow – only the Monsanto Evil GMO Seed will. Huge profits for Monsanto while everyone else (including the people working for Monsanto) die of cancer (100% curable and preventable with kale and meditation, but that’s a closely-guarded secret kept from us by Western Medicine and particularly the Cancer Industry that just ripped Angelina Jolie’s perfectly healthy breasts right out of her body using their scare tactics).

        We need the government to do something about the government! And we need it now!

      • Nice link, Jon. Alex Jones is always good for a laugh.

        Organic farming looks to be a baptist/bootlegger of a very malevolent kind. Many well meaning baptists who are woefully ignorant of what “organic” farming actually means. They combine with the very misanthropic “environmentalists” who understand very clearly that “organic” farming means mass starvation, greater outbreaks of e. coli, and a general decrease in the human population, the ultimate goal of environmentalists.

        • the funny thing, Ken, is Methinks and I were just talking about this stuff yesterday. This was just perfect!

          Glad I could get a laugh.

  1. As just said on maggies farm, “The challenge for bureaucrats everywhere is to justify their existence and their jobs and their pensions by creating rules for others.”

    http://maggiesfarm.anotherdotcom.com/

    The Feds are REALLY good at creating rules for others – ya gotta give em credit. Disapprove, OF course, and use it as reason to MASSIVELY reduce the federal bureaucracy (if not eleiminate it).

  2. This, plus the IRS scandal, plus the DOJ going after the AP and FOX, plus the Affordable Care Act chaos… this might be the easiest time in history to run political campaigns against big government.

  3. According to leftards, this has nothing to do with the worst recovery on record, and regulation creates jobs.

    LMGDAO

  4. The typical family bears $14,768 in regulatory costs and then sends a check for $12,000 to the $1 trillion-a-year Defense-VA-Homeland Security complex.

    Maybe time to scale back the federal government?

    Oh, maybe…..

  5. Only those regulations which are substantive (see Chrysler v. Brown, 441 U.S. 281 (1979)) have the force and effect of law. For a regulation to be substantive, it must comply with requirements of the Administrative Procedure Act (codified at Title 5 USC) and publishing requirements of the Federal Register Act. Very few, if any, regulations are substantive.

  6. I assume the majority of comments above are parodies. If not – - OMG!!!
    We pay 546 federal politicians and unknown thousands of bureaucrats and state, county, city, etc. “officials” pretty good money to create rules, regulations, laws and such for the rest of us; they will, by gosh and by golly, fulfill their jobs! So, the next time _you_ are tempted to whine about an excess of regulations, ask yourself “Have I ever written to my favorite pol and _demanded_ ‘there oughta be a law’”?

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>