Federal Regulations Cut Standard of Living by 75 Percent Over 56 Years

The 20th annual snapshot of the federal regulatory state published by the Competitive Enterprise Institute (CEI) last month announced the arrival of an unhappy milestone: Regulatory costs now equal more than half of all federal spending. Put another way, the real cost of government in the United States is half-again as much as the federal budget. It is approaching a third of the country’s economic output. Said CEI in its Ten Thousand Commandments 2013 report: “Federal environmental, safety and health, and economic regulations cost hundreds of billions — perhaps trillions — of dollars every year over and above the costs of the official federal outlays that dominate the [current] policy debate.”

Just how many billions and trillions the regulatory state costs, and has cost, the American economy has been put into perspective by two economists in their paper, “Federal Regulation and Aggregate Economic Growth,” published in the June issue of the Journal of Economic Growth. Rather than count the cost in dollars, the authors, John W. Dawson and John J. Seater, take a unique approach and attempt to measure how much lower Americans’ standard of living is today compared to what it would be if regulations had stayed at the level they were in 1949, the starting point of their study. Their conclusion? The average American household’s income would be $27,500 a month instead of the $4,400 a month that it is currently.

In their study they count the pages of federal regulations from 1949 through 2005 and discover that they have grown by 600 percent, slowing the economy by an estimated two percent every year. In simple terms, today’s economy, which produces about $17 trillion in goods and services every year, would instead be producing almost $55 trillion. And the authors apologize that their study doesn't reflect state and local regulations during that period as the effort that would have been required to collect and analyze them as well would have greatly exceeded their time and resources.

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AMEN!

Ronald -

Go back and read my reply to Walt on page 2.

Pixie

The standard of liveing for the avrage person has gone down while the standard of liveing has gone up for thoes that make their liveing of them.

Interesting thoughts - cpi index was 22.8 1n 1949 & 225.87 in 2012...   Inflation was 949% and the 1949 dollar had devalued to 10.5 cents!

Bernanke is counterfeiting slightly more than $1 trillion per year.    If economic production is $17 trillion inflation/deflation would be about 5.9%,      Deficit borrowing (phony bonds) has been around $1,5 trillion/yr & that would be another 6.2% - total about 12.1% inflation & devaluation of currency & bonds, etc... per year????

Looks like Obama & his "money changers" and changing the money 20o8 Bls @ 215.3 vs 225.87 2012looks like only 4.9% over 4 years or 1.2%/yr vs deficits  @ 6.2%/yr 7 maybe 12.1%/yr with the slippery fingers of Bernanke!    Would these nice folks reshuffle the market basket to make it look better, & kind of .... screw the old folks out of their SSI inflation inflation "adjustments"?

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ALERT ALERT

Fact Check:   'Joe Biden Claims ‘We Didn’t Lock People Up In Cages’

CLAIM: Former Vice President Joe Biden claimed, on immigration: “We didn’t lock people up in cages.”

VERDICT: FALSE. The “cages” were built by the Obama-Biden administration.

Univision moderator Jorge Ramos asked Biden at the third Democrat debate at Texas Southern University in Houston, Texas, why Latinos should trust him after the Obama administration continued deporting “undocumented immigrants.”

Biden claimed that the Obama administration’s policies were more humane than those of President Donald Trump: “We didn’t lock people up in cages,” he said.

In fact, the “cages” were built by the Obama administration to deal with a surge of unaccompanied minors who crossed the border illegally in 2014.

Originally, the Obama administration was “warehousing” children — literally — in overwhelmed Border Patrol facilities. Breitbart News broke the story of the surge, which was partly triggered by Obama’s policy of allowing illegal alien children who entered the country as minors to stay in the country (Deferred Action for Childhood Arrivals, or DACA).

Above image credit: AP Photo/Ross D. Franklin, Pool, File

The above photo was published by the Associated Press in June 2014, and the photo below is of Obama’s Secretary of Homeland Security, Jeh Johnson, touring a Border Patrol facility with “cages.”


Above: Border Patrol officers escort Homeland Security Secretary Jeh Johnson and Gov. Jan Brewer through the department’s Nogales processing facility for immigrant children. (Photo courtesy Barry Bahler/Department of Homeland Security)

The “cages” are chain-link enclosures in Border Patrol processing facilities that are meant to protect children from adults in custody. They are not permanent accommodations.

In mid-2018, as the Trump administration began enforcing a “zero tolerance” policy that stopped the “catch-and-release” policy of letting illegal aliens go after they were arrested. Detaining adults and children meant that children had to be processed separately; the enclosures prevented adults from harming children.

As Breitbart News reported at the time, children were not housed in “cages.” They were processed and then taken to shelters, where they were given medical care, toiletries, education, recreation, and counseling, and where staff attempted to find relatives or sponsors to whom they could be released.

Democrats began tweeting images of “kids in cages” to condemn the Trump administration. Journalists, too, shared those images.

One problem: they were taken during the Obama administration.

Public outrage at the images led President Trump to end the policy, and require families to be detained together.

Democrats keep repeating the mistake, however: in July, they had to delete a tweet that used an image from the Obama era and cited the “inhumane treatment” of children by the Trump administration.

Republicans argue that not detaining illegal aliens is actually the cruel policy, because it encourages migrants to undertake a dangerous journey, often guided by cartels and smugglers.

As Breitbart News’ Alana Mastrangelo noted recently:

But what’s worse than “cages,” however, are reports of migrant children also being handed over to human traffickers during the Obama administration — while Biden was vice president — according to the New York Times. Between October 2013 and July 2015 alone, nearly 80,000 unaccompanied children from Central American countries were detained by U.S. authorities.

It remains unclear how many of the tens of thousands of children were handed over to human traffickers — including sex traffickers — during that span of nearly two years, as those cases are reportedly not tracked.

“Others were ransomed by the very smugglers to whom their families paid thousands of dollars to sneak them into the United States,” reported the New York Times in 2015, during Obama’s presidency and Biden’s vice presidency. “Some lost limbs during the journey or found themselves sold into sexual slavery.”

Biden told voters in South Carolina last month that he would close all border detention facilities, guaranteeing that the migrant flow would continue.

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