From Not the Bee...
Forbes did a writeup on the debt per household number this summer. And according to the analysis, the regulatory state has become unbearably burdensome to all Americans.
This is not a sustainable system of government as the costs of government out of control will continue to get passed down to the citizens.
Forbes did a writeup on the debt per household number this summer. And according to the analysis, the regulatory state has become unbearably burdensome to all Americans.
You owe $200k per family in debt on US spending AND you're losing $15k a year per family as well due to government regulations.Atop federal spending generating that debt load of $200,000 per taxpayer, Congress and agencies prod extensively in the form of economic and social regulation ...
Were one to allocate annual regulatory costs assuming the full pass-through of costs to consumers, U.S. households "pay" $15,788 annually in embedded costs ($2.1 trillion in regulation divided by 134,090,000 consumer units), or 17 percent of average income before taxes (and of course more as a share of after-tax income).
This is not a sustainable system of government as the costs of government out of control will continue to get passed down to the citizens.
The average U.S. household spends far more on regulation, therefore, than on either health care, food, transportation, entertainment, apparel, services, or savings.