Regulating the economy to a crawl

Home  »  Uncategorized  »  Regulating the economy to a crawl
Dec 3, 2015 Comments Off on Regulating the economy to a crawl admin

Barack Obama continues to define his presidency by dumping red tape on the economy by the truckload.

And recently-released government data confirms that he’s doing so at a shocking rate.

Every regulation a bureaucrat in Washington, DC cooks up is compiled in the Code of Federal Regulations, which currently spans more than one hundred seventy-five thousand pages.

Even the index is over a thousand pages.

And even as I write you today, the Obama Administration is planning on another 2,300 rules; meddling in everything from health insurance to mandating video cameras in cars.

This red tape is in effect taxing taxpayers and employers alike to the point where Americans now spend over $1.7 trillion every year JUST on complying with federal regulations.

The fact is, these compliance costs amount to 10 percent of the U.S. economy — that’s money being spent jumping through hoops instead of hiring workers, expanding businesses, or saving for the future.

NLT President Gary Paumen