The Cost of Regulation in California in One Word: Ouch!

The Governator of California commissioned a study on the cost and impact of regulations in the Golden State, but so far no one is Sacramento is the least bit concerned about it since doing anything it proposes would cost the pols union support and donations–and also force them to govern responsibly.

In dollar terms, regulatory costs amount per year to $492,994 billion, or roughly five times the state’s budget and one-third the size of the entire economy. In human terms, regulations kill of 3.8 million jobs–and this in a state with 12 percent unemployment!

It was no fly-by-night study either, done by Varshney and Associates of El Dorado Hills.

But as I said, don’t expect any Democrats–and few Republicans–to do anything about it.

More details here.

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