Nonsequitur: The Actual Cost of Regulations

April 23, 2013

The Office of Management and Budget has released a review of the costs and benefits of federal regulations over the last 10 years. The cost? “…The estimated annual costs are in the aggregate between $57 billion and $84 billion…” with the costs for 2012 being estimated at $14.8 billion to $19.5 billion in annual costs for a majority of the rules, and an additional $1 billion for the remaining rules.

Of course, the government assesses the benefits of these regulations as outweighing the costs.  But measuring future (potential) benefits against actual (current) costs is tricky.  A very large portion of the benefits from EPA regulations, for example, rely on an assumed reduction in “premature mortality” due to particulates removed from the air.  This administration has a record of poor predictive abilities.  Remember what the Obama administration predicted as the benefits of the stimulus and the Affordable Care Act?

Want to see how Obama compares to previous administrations?  Click here.


One Response to “Nonsequitur: The Actual Cost of Regulations”

  1. […] to end an unpopular war and turn the economy around.  Instead, he spends a lot of his time growing government regulations and sweet talking our enemies.  The war drags on, and the economy stays in the […]

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