Wayne Crews and Ryan Young / Regulations add $1.75 trillion to the cost of government - Press of Atlantic City: Commentary

Wayne Crews and Ryan Young / Regulations add $1.75 trillion to the cost of government

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Posted: Friday, April 29, 2011 12:01 am

The federal government is on track to spend more than $3.5 trillion this year. What most people don't know is that government actually costs about 50 percent more than what it spends. That's because complying with federal regulation costs an additional $1.75 trillion - nearly an eighth of GDP. And almost none of that cost appears on the budget.

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