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$1.8 Trillion Shock: Obama Regulations Cost 20 Times Estimate

$1.8 Trillion Shock: Obama Regulations Cost 20 Times Estimate

September 20, 2012 | 8:51 am

Current federal regulations plus those coming under Obamacare will cost American taxpayers and businesses $1.8 trillion annually, more than twenty times the $88 billion the administration estimates, according to a new roundup provided to Secrets from the libertarian Competitive Enterprise Institute.

And it could grow, warned the author of the report, Clyde Wayne Crews, a CEI vice president.

Complying with Health and Human Services Department requirements alone, he revealed, costs $184 billion a year, yet regulators are still drafting the rules for the 2,400-page Obamacare law that kicks into gear in 2014.

Read more: http://washingtonexaminer.com/1.8-trillion-shock-obama-regs-...




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Yeah, I'd trust the findings

Yeah, I'd trust the findings of the CEI as much as I would Obama's own estimates.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a