These days there is more drag on everything…..
Check it out:
While anyone who runs a business knows intrinsically that government regulation costs time and money and is a drag on the whole economy, thorough research on the costs to the entire economy has not been well known.
But Clyde Wayne Crews, Jr. of the Competitive Enterprise Institute this spring issued the 2014 edition of “Ten Thousand Commandments,”(TTC) his “Annual Snapshot of the Federal Regulatory State.”
By way of perspective, the federal government spent $3.45 trillion in FY 2013. President Obama’s FY 2015 budget calls for $3.9 trillion. Only four other nations on the planet collect more than $1 trillion and we are the only one over $2 trillion.