The Upward Spiral of Red Tape — Government’s Regulations Overreach
So what does this reclaim America have to do with me. Moreover, how am I without the appropriate tools and what seems like an army of politicians cum weird presidents (what already? Obama’s not weird?) and vice-president, congressional official, or member of the judiciary that acts on the following issues — without checking them out in their entirety should be held under arrest and have the entire Department of Justice salivating waiting to attack.
The number and cost of government regulations continued to climb in 2014, intensifying Washington’s control over the economy and Americans’ lives. The addition of 27 new major rules last year pushed the tally for the Obama Administration’s first six years to 184, with scores of other rules in the pipeline. The cost of just these 184 rules is estimated by regulators to be nearly $80 billion annually, although the actual cost of this massive expansion of the administrative state is obscured by the large number of rules for which costs have not been fully quantified. Absent substantial reform, economic growth and individual freedom will continue to suffer.
From the first and second posts we have presented just considering the “what if’s” that could happen to that money — which is something that no one involved in this process has yet to consider — this is a significant amount of money.
Would something along the lines of Reclaiming our economy, with bold economic solutions to scale back government and free the American people. As far as we see it adding on regulations adds to the size of the federal government; moreover, adding to regulations also makes us into a position of slavery to that very government.
President Barack Obama has repeatedly demonstrated his willingness to act by regulatory fiat instead of executing laws as passed by Congress. But regulatory overreach by the executive branch is only part of the problem. A great deal of the excessive regulation in the past six years is the result of Congress granting broad powers to agencies through passage of vast and vaguely worded legislation. The misnamed Affordable Care Act and the Dodd–Frank financial-regulation law top the list.
Many more regulations are on the way, with another 126 economically significant rules on the Administration’s agenda, such as directives to farmers for growing and harvesting fruits and vegetables; strict limits on credit access for service members; and, yet another redesign of light bulbs.
Just a bit of journalistic fiat is warranted here: Just a suggestion yet it seems discriminatory to dictate what farmers should or should not be growing, as well as strict limits on credit access for service members, and has anyone ever heard of redesigning a light bulb that will take away the amount of mercury involved?
Speaking from experience it would be totally justified to hold contests nation-wide for better light bulbs, should be self-evident on the credit facility for the military and I am beginning to think that the farmer’s and family’s are mercifully begging Washington to leave us alone.
In many respects, the need for reform of the regulatory system has never been greater. The White House, Congress, and federal agencies routinely ignore regulatory costs, exaggerate benefits, and breach legislative and constitutional boundaries. They also increasingly dictate lifestyle choices rather than focusing on public health and safety.
The federal government does not officially track total regulatory costs, as it does with taxation and spending. Estimates of these costs from various independent sources range from hundreds of billions of dollars to over $2 trillion annually.
However, the number and cost of new regulations can be tracked, and both have grown relentlessly.