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HelicopterOff Topics News & Politics › How much does Washington regulation cost us all?
08-01-2011 02:14 PM  6 years agoPost 1
baby uh1

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From the Heritage Foundation,

For months, Washington has focused on solving its uncontrolled addiction to spending. But while Congress and the White House use one hand to reach into your back pocket to take and spend your hard-earned dollars, they’re using another hand to wreak a different kind of nefarious harm—the proliferation of regulations, rules, and red tape, all of which impose heavy costs on America.

In the just-released “Red Tape Rising: A 2011 Mid-Year Report,” The Heritage Foundation’s James Gattuso and Diane Katz explain the pervasiveness of government’s intrusive regulatory hand (that oftentimes goes go well beyond ensuring product safety) and how it controls nearly every facet of your daily life.

Do you heat your home? Light your rooms? Buy and cook food? Watch TV? If the answer is “yes,” then you’ve fallen under federal regulation. And you’re paying for it, too. Gattuso and Katz explain how every product imaginable costs more because of regulations:

The costs of regulation are inevitably passed on to consumers in the form of higher prices and limited product choices. Basic items, such as toilets, showerheads, light bulbs, mattresses, washing machines, dryers, cars, ovens, refrigerators, television sets, and bicycles all cost significantly more because of government decrees on energy use, product labeling, and performance standards that go well beyond safety—as well as hundreds of millions of hours of testing and paperwork to document compliance.

The annual cost of regulation—$1.75 trillion by one frequently cited estimate—represents twice the amount of individual income taxes collected last year. Overall, from the beginning of the Obama Administration to mid-fiscal year (FY) 2011, regulators have imposed $38 billion in new costs on the American people, more than any comparable period on record. Consider Washington’s red tape to be a hidden tax.

The mountain of regulations didn’t begin under the Obama Administration. Under the Administration of George W. Bush, for example, $60 billion in additional annual regulatory costs were imposed on Americans. But as Katz and Gattuso write, the rate at which burdens are growing has accelerated under the Obama Administration:

During its first 26 months—from taking office to mid-FY 2011—the Obama Administration has imposed 75 new major regulations with reported costs to the private sector exceeding $40 billion. During the same period, six major rulemaking proceedings reduced regulatory burdens by an estimated $1.5 billion, still leaving a net increase of more than $38 billion.

The actual cost of the new regulations is almost certainly higher due to under-estimation, agencies’ failures to analyze costs, and the fact that “non-major” rules aren’t even calculated. Amid the overwhelming weight of the evidence that government regulations are weighing down the American economy (consider how the economic recovery stalled after Obamacare was enacted), President Obama issued an executive order calling for an agency-by-agency review of existing regulations.

But Gattuso and Katz say it’s too early for Americans to rest easy. The changes the Obama Administration has identified, if implemented, could reduce regulatory costs by about $1 billion per year—just a fraction of the new costs imposed every year.

Meanwhile, American businesses and the American people continue to suffer under the regulatory burden, all while the government workforce keeps expanding and the number of regulations keep growing, with 2,785 rules in the pipeline.

There are things Congress can do to protect Americans and the economy against the regulatory tide: require congressional approval of new major rules promulgated by agencies, create a Congressional Office of Regulatory Analysis to review proposed and existing rules independently, and establish a sunset date for federal regulations.

Despite Obama’s pledge to eliminate burdensome regulation, his Administration has in the first half of FY 2011 created 15 new major regulations imposing $5.8 billion in additional annual costs and $6.5 billion in one-time implementation costs. All the while, the U.S. economy continues to drag forward with a 9.2 percent unemployment rate, adding only 18,000 new jobs in June. Perhaps Washington should stop growing the size of government and regulations and allow the U.S. economy to grow instead.

2 0Email266

My thoughts; Another example of stealth taxes paid bt all!

Anything is possible if you don't know what you are talking about!

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08-02-2011 01:03 AM  6 years agoPost 2
MrNiceGuy

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How true.

Yesterday is History, Tomorrow is a Mystery, Today is a GIFT

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08-02-2011 01:06 AM  6 years agoPost 3
Dennis (RIP)

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Its not going to get nay better until Washington DC is completely revamped and reformed.

Bring on 2012 !!

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08-02-2011 01:38 AM  6 years agoPost 4
RayJayJohnsonJr

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Completely revamped and reformed in 2012? Good one Dennis, good one.

There, their and they're. It's really that simple.

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08-02-2011 01:43 AM  6 years agoPost 5
Dennis (RIP)

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Completely revamped and reformed in 2012? Good one Dennis, good one.
I am sure I can get plenty of support that its worth a shot.

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08-02-2011 02:10 AM  6 years agoPost 6
baby uh1

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The Tea Party people in the house are the only ones going against buisness as usual and buisness as usual is what got us into this mess in the first place!
The ruling class DC scabs are dumbfounded that the new guys are listening to their constituants instead of the old guard leadership.

Anything is possible if you don't know what you are talking about!

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08-02-2011 03:49 PM  6 years agoPost 7
Metalizer

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If the so called "Super Congress" takes shape>>>

you can kiss the TeaParty Goodbye. The tea party will be nothing more than cheerleaders sitting out of the loop. Looks like a HUGE POWER GRAB

(Ron Paul Sounds Alarm on “Disturbing” Super Congress)
Congressman Ron Paul warns that the all-powerful new “Super Congress” created by the vote on the debt ceiling will be used to fast-track tax increases while concentrating more power over the nation’s purse strings in the hands of the Washington elite.

As we reported yesterday, the “Super Congress,” which was approved by the House yesterday and is set to be rubber stamped in the Senate today, will establish a new level of unaccountable government, and will strip elected representatives of the right to amend legislation or filibuster on whatever issues it sees fit, not merely limited to the debt situation.
This body will have “extraordinary new powers” to quickly force legislation through both chambers, including gun control, entitlement cuts and tax hikes.
In a statement made yesterday in response to the passage of the Budget Control Act, Congressman Ron Paul expressed his alarm at the establishment of this “disturbing” new committee, and warned that it would be used to ram through tax increases.
“The legislation produced by this commission will be fast-tracked, and Members will not have the opportunity to offer amendments,” said Paul. “Approval of the recommendations of the “Super Congress” is tied to yet another debt ceiling increase. This guarantees that Members will face tremendous pressure to vote for whatever comes out of this commission– even if it includes tax increases. This provision is an excellent way to keep spending decisions out of the reach of members who are not on board with the leadership’s agenda.”
The Congressman added that the committee represents “Nothing more than a way to disenfranchise the majority of Congress by denying them the chance for meaningful participation in the crucial areas of entitlement and tax reform. It cedes power to draft legislation to a special commission, hand-picked by the House and Senate leadership.”

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08-02-2011 03:56 PM  6 years agoPost 8
Dennis (RIP)

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The Congressman added that the committee represents “Nothing more than a way to disenfranchise the majority of Congress by denying them the chance for meaningful participation in the crucial areas of entitlement and tax reform. It cedes power to draft legislation to a special commission, hand-picked by the House and Senate leadership.”
Maybe our pal Ron Paul may have over reacted a bit on this one. I could be wrong but:

Members of Congress will still have to vote on recommendations that the "Super Congress" recommends.

Same as they have always done.

The "Gang Of 6" did the same thing. Make recommendations. Then, there was a vote by the whole Congress. No body listened and their recommendations were not either voted or adopted. In other words, useless. Same as the rest of them.

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08-02-2011 04:30 PM  6 years agoPost 9
fla heli boy

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yep. Just one more level of crap. Now it will be a big race to see who gets seated on this monstrosity and I can pretty much guarantee that it will be 100% old guard Reps and Dems. This stupid idea solved nothing other than the whole filibuster shiite. What we need is a revolution and hundreds of fresh bodies in both houses, both sides of the aisle. I would hope that nobody that has more than two terms under their belt survives.

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