-By Warner Todd Huston
There is a lot of talk about the high cost of regulations (in fact, a lot of talk from me about them). But how do you put a number on that cost? Well Sam Batkins of the American Action Forum has been keeping a running tab not only on the high cost of the regulations themselves but also the man hours it takes Americans to implement them and the cost is staggering.
Every Friday Batkins reviews that week’s new regulatory onslaught, makes his calculations and thus far Obama’s regulatory juggernaut is costing Americans $84.8 billion bucks. But that isn’t the last of what it will cost Americans. In order to implement these regulations, to make sure business and individuals are following the rules, it will cost Americans 88.2 million annual man hours to do the paperwork, file the reports, and follow the Internet-based reporting procedures in order to satisfy the rules.
Imagine this burden of worker’s time wasted just to make sure we follow regulations! It is obscene.
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Obama’s Regulations So Far Cost Us $84.8 Billion And Climbing Weekly”