Arnold Williams (notebuyer) wrote,
Arnold Williams

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Is Government Worth It?

Well, when it comes to national defense, yes. But what about those hundred-odd volumes of regulations and the 60 or so volumes of federal statutes? How much do those benefit us? How much do those cost us?

As it turns out, we know the answer to that.

An official estimate
of the annual benefits flowing from federal regulations places the
value of those benefits at less than $200 billion. But the annual cost
of those regulations -- including the hidden costs not included in the
government estimate -- is approaching or has exceeded $1 trillion, as
discussed here, here, here, and here.

What do those Congressman cost us again? If we divided it by 525, what would we end up with? Could we suggest to them, ever so gently, that they are pretty expensive, and that Enron and other scandals have taught us to beware managment that is too expensive?

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