Wednesday, August 24, 2011

Does Your Kid Need a Career? Try "Regulation"!!

Here's great news for some people.

If the federal government's regulatory operation were a business, it would be one of the 50 biggest in the country in terms of revenues, and the third largest in terms of employees, with more people working for it than McDonald's, Ford, Disney and Boeing combined.

And it has another couple of distinctions!!

Regulatory agencies have seen their combined budgets grow a healthy 16% since 2008, topping $54 billion, according to the annual "Regulator's Budget," compiled by George Washington University and Washington University in St. Louis.

That's at a time when the overall economy grew a paltry 5%.

Meanwhile, employment at these agencies has climbed 13% since Obama took office to more than 281,000, while private-sector jobs shrank by 5.6%.

Reg-costs fall disproportionately on small-business, when measured as cost/employee.

But just as important (and not mentioned in the article) is the cost to States, Munis, Counties, and Schools; Fed regs also force them to do things--and the cost is passed on to taxpayers, again.

The root cause of all this is Congress, which passes laws which deliberately leave space for regulators.

Pass the Law and Pass the Buck.  One neat package.  Get re-elected no matter how many ways you screw your constituents.

1 comment:

Anonymous said...

Wow, I never thought of it!!!!!
Junior could be a Goat herder regulator!!!!!!!!

Team Obama Regulates Goat Herders' Workplaces