10. Are you concerned about the size
and cost of government?
While the benefits of the Dodd-Frank Act are largely speculative, the costs are quite real. During a period of economic uncertainty and staggering debt and deficits, the
Government Accountability Office (GAO) estimates the budgetary cost for Dodd-Frank through Fiscal Year 2012 exceeds $1.25 billion. Moreover, the Congressional Budget Office estimates that over the next 10 years, the Dodd-Frank Act will take $27 billion directly from our struggling economy in new fees and assessments on lenders and other financial companies.
GAO likewise estimates that Dodd-Frank will require the federal government to add 2,849 federal workers to its payroll through FY 2012.
At a time when Americans are having a hard time making ends meet and demanding smaller, smarter government, the Dodd-Frank Act takes money out of their pockets to fund bigger government bureaucracies.
Who is ultimately left paying for these new expenses?
You, not Wall Street.
Did you know Dodd-Frank increases the size and cost of government?
While the benefits of the Dodd-Frank Act are largely speculative, the costs are quite real. During a period of economic uncertainty and staggering debt and deficits, the
Government Accountability Office (GAO) estimates the budgetary cost for Dodd-Frank through Fiscal Year 2012 exceeds $1.25 billion. Moreover, the Congressional Budget Office estimates that over the next 10 years, the Dodd-Frank Act will take $27 billion directly from our struggling economy in new fees and assessments on lenders and other financial companies.
GAO likewise estimates that Dodd-Frank will require the federal government to add 2,849 federal workers to its payroll through FY 2012.
At a time when Americans are having a hard time making ends meet and demanding smaller, smarter government, the Dodd-Frank Act takes money out of their pockets to fund bigger government bureaucracies.
Who is ultimately left paying for these new expenses?
You, not Wall Street.