Posted on 06/05/2015 8:40:53 AM PDT by Oldeconomybuyer
The bill has arrived for all of President Obama's initiatives, from Obamacare to Dodd-Frank banking regulations to school lunches, and state and local governments are choking on the costs and paperwork mandated to comply with new laws, according to a new analysis.
The tab: $35 billion in unfunded regulatory costs and at least 75 million hours of paperwork, according to American Action Forum, the center-right policy institute headed by former Congressional Budget Office Director Douglas Holtz-Eakin.
Obamacare is the biggest pain to state and local governments. The report said that just one element of the health "reform" costs states 27.1 million hours in paperwork mandates and $880 million dollars to pay for that extra work.
That amounts to an average of 251,000 extra hours at a cost of $6.6 million per state, said the report, titled, "The State Share of Unfunded Regulations: Nearly $35 Billion, 75 Million Paperwork Hours."
(Excerpt) Read more at washingtonexaminer.com ...
Totally unexpected.
Confused man child holds office twice says a lot for the democrat voter.
Who would have guessed that FedGov meddling would add billions of dollars to annual costs and millions of hours of wasted time? Unexpected.
going Galt suddenly looks real smart.
Cloward-Pivan in action. Increase the debt until it is unsustainable. I bet they thought the US would collapse before now.
See my tagline ;)
And join us ASAP!
But they will make up for it in volume.
They love it. Grows the local governments. They just pass the cost on.
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