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The Federal Government Now Consumes 31 Percent Of US EconomyThe Daily CallerMay. 01, 2014 |
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 The federal government now consumes 31 percent of the U.S. economy due to trillions in spending and thousands of pages of costly regulations, according to a new report. The Competitive Enterprise Institute (CEI), a free-market think tank, put out a report on Tuesday saying that the regulatory costs of federal rules amounts to $1.863 trillion per year, or 11.1 percent of the U.S. economy. Combine this with the $3.454 trillion in federal spending last year and the U.S. federal government consumes 31 percent of the economy. U.S. regulatory costs alone are bigger in size than the economies of Australia and Canada. Regulatory costs would be the 10th largest economy in the world, according to CEI, slightly larger than the economy of India. Read More 
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