Over the last decade, annual budget outlays for regulatory activities increased by more than 75 percent, according to a federal regulatory spending study conducted by The George Washington University Regulatory Studies Center and the Weidenbaum Center at Washington University in St. Louis.
The FY 2011 Budget of the United States Government calls for fiscal regulatory expenditures of more than $59 billion, the largest federal regulatory budget to date. Contributing to this increase is the number of full-time federal regulatory staff, which is also expected to reach an all-time high of almost 284,000 employees in 2011, up by more than 7,000 employees in 2010.
Obama hasn't had time to accomplish a 75% spending increase for regulatory agencies. So Republican George W. Bush was the agent of most of the increase. That doesn't fit with the stereotype of Republicans opposed to regulation and Democrats in favor of regulation. Bush was a big spender even on regulatory matters.
|Share |||By Randall Parker at 2010 May 23 09:54 PM Economics Government Costs|