Kevin Hassett: ‘Cyber Theft Is Costing Us About $100 Billion a Year; The Opioid Crisis [Is] Costing Us $500 Billion a Year’

EXCERPT:

HASSETT: "We start with the baseline of 2.2 percent growth that show that we can get to 3 percent growth just by adding what the academic literature says about the economic effects of our policies. We’re supposed to also come up with measures of our nation’s problems that help set priorities and quantify how bad our problems are. We have two attempts at the economic report to do that. One is we have a chapter on cyber security where we did a lot of original research to find the cyber theft is costing us about $100 billion a year right now in the U.S. In 2016. And the second thing we did was look at the opioid crisis where we find that that’s costing us about $5 billion a year. With that, that's what the economic report says."