National Debt Clock

Thursday, May 14, 2009

Red Tape Rising: Regulatory Trends in the Bush Years

"Over 50 agencies ranging from the Animal and Plant Health Inspection Service to the Bureau of Customs and Border Protection have a hand in federal regulatory policy. Together, they enforce over 145,000 pages of rules."

"The federal government alone enforces thousands of pages of regulations that impose a burden of some $1.1 trillion—an amount that is comparable to total federal income tax receipts."

Obviously, some of these regulations are necessary, but one way to cut government spending and increase economic activity is to remove the unnecessary red tape.

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