TribLIVE

| Opinion/The Review


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

The cost of regulations: Economic tyranny

Daily Photo Galleries

Monday, May 27, 2013, 9:00 p.m.
 

The big-government Obama administration's propensity for end runs around Congress exacerbates the unchecked growth of federal regulations that diminish both liberty and prosperity.

The Competitive Enterprise Institute ( cei.org) says that regulating rather than legislating pays for programs with private-sector resources rather than tax dollars. CEI says regulation is “off-budget taxation” — and business owners, workers and families ultimately foot the bill through higher taxes and/or lower wages.

CEI's new 20th-anniversary edition of its “Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State” estimates yearly compliance costs at $1.8 trillion — exceeding half of total federal expenditures for the first time, as well as Canada's or Mexico's GDP. And at $14,678 per family, red tape trails only housing among typical household costs.

Since 2009, the Obama administration “has recorded three of the four busiest years for regulatory activity in history.” And this White House is “the unchallenged champion” of “economically significant” new rules expected to cost $100 million-plus, the report says.

Let's call it what it is — another form of tyranny.

Genuine transparency, rigorous cost-benefit analyses, no more agency self-auditing, less delegation of power to bureaucrats and congressional votes on new rules could end regulations' prodigious proliferation, the report's author says.

Too bad this government-knows-best administration is so unlikely to push for any of those reforms.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Editorials

  1. Greensburg Laurels & Lances
  2. Alle-Kiski Laurels & Lances
  3. Pittsburgh Laurels & Lances
  4. Host a Super Bowl?: False prophets/profits
  5. Saturday essay: The thumb itches
  6. Shenango shakedown: Public money at risk
  7. Greensburg Tuesday takes
  8. Snow shovelers needed: A call for volunteers
  9. Piercing the media’s shield: Muzzles & slopes
  10. Pittsburgh Tuesday takes
  11. Alle-Kiski Tuesday takes