Saturday, September 13, 2003

WORLD September 13, 2003: QuickTakes: What book has 75,606 pages, which no one has read completely but its contents cost the nation hundreds of billions of dollars? The answer is the Federal Register, which lists the rules and regulations that businesses and citizens of the United States must follow. The Cato Institute, in a study called 'The Ten Thousand Commandments,' reports that the register continues to grow under the Bush administration, with federal agencies issuing 4,167 new rules last year. (The unreadable book had merely 74,258 pages in the final year of the Clinton administration.) The estimated cost of all of these arcane rules to businesses and their customers: $860 billion, or five times the current projected budget deficit."

No comments: