Thursday

Ten Thousand Commandments

Clyde Wayne Crews, Jr ...Reports that regulatory costs exceed all pretax corporate profits ($745 billion) and all personal income taxes ($765 billion). The number of pages in the Federal Register, where new regulations are published, has increased 6.2 percent to 75,676 pages-an all-time record. ... On the basis of estimates from the Weidenbaum Center and the Mercatus Center, agencies spent $36.3 billion merely to administer and police the regulatory state in 2004. Counting the $877 billion in off-budget costs, that brings the total regulatory burden to $913 billion. Annual Snapshot of the US Regulatory State