How much fuel your car burns. What type of light bulb you buy. How much energy your appliances use. What kind of health plan you have. What do they have in common? Meet your hidden master: regulations.
The devil’s in the details, the saying goes. And in today’s America, those details increasingly boil down to a long list of rules governing nearly every aspect of life. In fiscal year 2010, according to a recent report from the Heritage Foundation, the Obama administration adopted regulations that will cost more than $26.5 billion a year. The nanny state isn’t just a nagging do-gooder - it’s a costly scold.
Let’s look at regulations in three broad areas - financial reform, health care and the environment - for some concrete examples of what lawmakers can cut and why.
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