http://www.heritage.org/research/reports/2010/10/red-tape-rising-obamas-torrent-of-new-regulation#_ftn1
$1.75 trillion is the annual cost of the Federal regulatory burden. Nearly 2x's individual income taxes paid last year or about $6,000 per capita. It is justified that we are all scared of the government printing money but we should fear equally the government printing regulations. Let us not forget the additional burden of regulations imposed by State and local governments. So when we are discouraged by high prices at the pump and the grocery store who should we direct our frustration to? The oil company and the merchant is the default but perhaps the government is to blame? In a capitalist economy prices are kept in check by fierce competition between numerous firms...what keeps government in check? The Code of Federal Regulations is 157,000 pages and I doubt that is number 12 font. America was built by the individual not the government. I'm afraid that today we are unable to "pull ourselves up by our bootstraps" because the boots our nailed down by the Code of Federal Regulations!
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