The federal government with its ever-increasing regulations is like a hoarder, a prisoner of so much stuff that chaos rules and life spirals out of control. Federal agencies with overlapping jurisdictions and duplicative programs issue so many regulations that no human being can keep track and the result is rising prices and a sick economy that is hurting us all.
The federal government now consumes 31 percent of the U.S. economy due to trillions in spending and thousands of pages of costly regulations, according to a new report.
The Competitive Enterprise Institute (CEI), a free-market think tank, put out a report on Tuesday saying that the regulatory costs of federal rules amounts to $1.863 trillion per year, or 11.1 percent of the U.S. economy. Combine this with the $3.454 trillion in federal spending last year and the U.S. federal government consumes 31 percent of the economy.
U.S. regulatory costs alone are bigger in size than the economies of Australia and Canada. Regulatory costs would be the 10th largest economy in the world, according to CEI, slightly larger than the economy of India.
Wayne Crews of the Competitive Enterprise Institute provides a definitive answer to that question today with publication of the latest edition of his annual compilation, "10,000 Commandments: An annual snapshot of the federal regulatory state."
Crews estimates the annual cost of compliance with the record number of new federal rules and regulations issued under President Obama at $1.863 trillion.
That works out to a $14,974 "hidden tax" every year for the average U.S. household. That's 23 percent of the $65,596 annual average household income in America.
An example of government out of control and regulators gone mad is the news in the midst of the extreme drought in California, the federal government is draining reservoirs to send huge 'pulse flows' into the Pacific to benefit fish is
One of the worst droughts in California's history has devastated more than a half-million acres of the most fertile farmland in America. In communities like Sacramento, "water police" go from door to door to enforce conservation measures. There's even a mobile "app" to report neighbors to city authorities so they can be fined for wasting water.
With the Sierra snowpack at 4% of normal as of May 20, Californians will desperately need what little water remains behind its dams this summer. Authorities have warned some towns like Folsom—home of Folsom Lake—to expect daily rationing of 50 gallons per person, a 60% cut from average household usage.
Yet last month the Bureau of Reclamation drained Folsom and other reservoirs on the American and Stanislaus rivers of more than 70,000 acre feet of water—enough to meet the annual needs of a city of half a million people—for the comfort and convenience of fish.
Unrealistic laws like the Endangered Species Act administered by ideologically driven officials have now crossed from good intentions to dangerous policy, and the folly cries out for fundamental reforms.
While homeowners parch their gardens and clog their showerheads with flow restrictors to save a few extra gallons of water, their government thought nothing of wasting 23 billion gallons to lower river water temperatures by a few degrees.
The frivolous and extravagant water releases from our dams last month mock the sacrifices that our citizens make every day to stretch supplies in this crisis. In turn, they undermine the government's credibility and moral authority to call for stringent conservation and hardship by the people.
The incompetence of this Administration and the federal government in general is beyond dispute. What's worse is there is no accountability, much less efficiency or customer-centered care. Yet there is hope. In the UK, a failing NHS hospital, once called a basketcase was turned around by a private firm in 2 years
"Two years ago, Hinchingbrooke suffered from a series of problems so severe it faced imminent closure. Now, thanks to the incredible efforts of our leading doctors and nurses, we are the top-ranking hospital for quality of care in the whole of England.Posted by Jill Fallon at May 25, 2014 11:54 PM | Permalink