The lies … Have you heard any hammers, hammering lately!!!
How will Obama going to reduce the deficit. How will Obama decrease the regulations?
11,327 PAGES ADDED TO CODE OF FEDERAL REGULATIONS UNDER OBAMA
How about this???
The American Action Forum has released new analysis of the burden of new regulations under President Obama. It’s most striking finding? The cost of added regulations under President Obama is now estimated to be $488 billion.
“Based on data from the Government Accountability Office (GAO) and regulations published in theFederal Register, the Administration has published more than $488 billion in regulatory costs since January 20, 2009 – $70 billion in 2012 alone,” reads the analysis from AAF.
“Ignoring all non-“major” rules with costs in 2009, the regulatory tally still surpassed $61 billion. In 2010, counting only “major” rules, the regulatory bill rose to $160 billion in lifetime costs. AAF began tracking every proposed and final rule in 2011. That year alone the Administration published more than $231 billion in regulatory costs. AAF reviewed 6,705 regulations in 2011 and has tracked more than 4,700 regulations to date in 2012.”
The most costly government agencies in 2012 alone are Health and Human Services (which has an estimated regulation burden of $16.7 billion), the Environmental Protection Agency ($12.1 billion), the Department of Energy ($10.6 billion), the Department of Justice ($6.9 billion), and the Securities and Exchange Commission ($6.2 billion).
The other cost associated with these regulations is the man-hours that it would take to implement and enforce these new regulations. Under President Obama, this cost is at least 1.58 billion hours.
Since President Obama Barack Obama came into office, the Code of Federal Regulations has increased by 11,327 pages — a 7.4 percent increase from Jan. 1, 2009 to Dec. 31, 2011 — according to figures the U.S. Chamber of Commerce released on Monday.
….. He talks a lot about fixes, but gives you nothing.
According to CNS News, there are now 169,301 pages in the Code of Federal Regulations, which is double the number of pages in 1975.
The U.S. Chamber of Commerce calculated the cost of compliance for all of the federal regulations is $1.7 trillion annually, and 70% of those regulations are economic, costing $1.236 trillion.
The report noted that environmental regulations cost $281 billion, tax compliance rules $160 billion, and occupational safety and health and homeland security cost $75 billion.
The report states each American household would be responsible for $15,586 of the federal regulatory burden, according to a 2008 study. Further, as of 2008, small businesses faced an annual regulatory cost of $10,585 per employee.
The report also noted that since 2001, the page count in the Code of Federal Regulations has increased from 141,281 pages, a 20 percent increase during the last decade.