CHART OF THE DAY: Washington Fat Cats Are Getting Fatter

Thu, 08/18/2011 - 10:55am | posted by George Scoville

Ouch:

Federal regulatory jobs have grown at almost triple the pace of private sector jobs under Barack Obama

Investors Business Daily reports:

Under President Obama, while the economy is struggling to grow and create jobs, the federal regulatory business is booming.

Regulatory agencies have seen their combined budgets grow a healthy 16% since 2008, topping $54 billion, according to the annual “Regulator’s Budget,” compiled by George Washington University and Washington University in St. Louis.

That’s at a time when the overall economy grew a paltry 5%.

Meanwhile, employment at these agencies has climbed 13% since Obama took office to more than 281,000, while private-sector jobs shrank by 5.6%.

If you missed my piece the other day on recession-proof DC, check it out.

Also, pick up a copy of Iain Murray’s Stealing You Blind. In addition to being a scholar at the Competitive Enterprise Institute, Murray is an Englishman whose legal immigration to the U.S. took four years, no thanks to our bloated, inefficient bureaucracy.

Hat tip: Veronique de Rugy

8655 reads
Tagged: bureaucracy DC Recession recession Regulation Spending Washington

When I am dictator, my slogan will be “Boom times for the 50, Depression for D.C.!”

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