Skip to comments.Regulation Nation: New study finds Obama’s regs cost $46 billion a year
Posted on 03/13/2012 8:40:15 AM PDT by AngelesCrestHighway
Some 10,215 new federal regulations from the Obama administration are costing consumers, businesses and the economy overall $46 billion annually, more than five times the regulatory price tag of former President Bush in his first three years in office. Worse: just implementing those regulations had a one-time additional cost of $11 billion, according to a Heritage Foundation analysis provided to Washington Secrets.
Epic Fail. This Dildo needs to go.
Quite honestly, that sounds like a low-ball estimate to me.
Punitive regulations: otherwise known as hidden taxes.
Everyone pays for State Socialism, but, then, socialists unswervingly believe that all assets are the property of the state.
If you’re allowed to keep a little of what you earn, it’s the government’s kindess and NOT your fundamental right.
When he lied about his agenda, a lot of useful idiots had no idea what socialism was and voted for him. He is without a doubt THE worst president to ever land his butt in the White House! He makes Jimmy Carter look like a girl scout.
In fact, companies should start providing this INFO on their own.
Would be the QUICKEST and EASIEST way to get the American people to see how the Dims are ROBBING them blind and hiding behind the mask of claiming "it's for your own good"--or "it's for the children"!
And--here's an idea for us Freepers: gather together in front of stores with signs detailing the "costs of compliance"--and call it "Occupy Main Street!"
His agenda costs us 10 times that amount ($460B/yr), not to mention our freedom and our way of life.
I agree. Nothing goes away, ever. The regulations just keep mounting up. Each new federal regulation spawns 50 state level responses and each of those may spawn some new level of local regulation.
Anybody can be breaking the law, most probably are and don’t know it. It is a setup, anybody can be prosecuted and probably convicted. Ignorance of the law is no excuse and nobody can know all the laws we have to abide by.
Gee, what a surprise.
Unfortunately, it is beginning to appear that he will get a second term.
off by at least a factor of ten.
46 b is not even measurable.
Of course it is going to get much worse when there needs to be a congressional hearing for every new medical procedure and the banks collapse again.
In terms of its impact on the economy, it’s trillions, not billions.
In 1961, 46 billion was half the United States total budget:
President John F. Kennedy, 1961:
94.4 billion.....Total Receipts
97.7 billion.....Total Outlays
I bet there would be a lot more pissed off calls to Congressmen and Senators, and a lot fewer bills and regulations would get through. Most people just don't make the connection between "government money" and their wallet...except when they are getting money. Conservatives need to hammer home that government spending IS their money being spent, and their children's money, and their grandchildren's money, and money for generations to come. Whether we pay for today's spending via taxation, debt slavery to China, complete social collapse, or years of middle-class-destroying biflation...we are going to pay for it.
Of course, we won't see Pubbies on TV talking about the real costs of government spending, because most elected Republicans are feeding at the trough, too - particularly the party leaders.
Obama has future massive regulation and tax increases, and spending, that won’t kick in until he wins a second term. When they all hit, we are pretty much ruined.
Nothing is getting better.
Recall the debt limit increase in two 1.3T$ increments. Sure, you borrow 3 T $ so you can spend a many more trillions while at the same time cutting taxes with near zero interest rates and get a temporary boost from all that stimulus. But some day that will have to stop as the money will run out (that is coming sooner with this recovery) . Plus gas and food and other prices are going up WITH the positive growth (yes they are related) and the Federal Reserve is powerless to control prices without killing the economy.
I am still convinced as I have been for 3 years that there is no happy ending. Our one hope was a Obama Green Energy bubble to lure investment here like the internet bubble and housing bubble did, HA_HA, but stupid investors are harder to find now. I think they cant get credit anymore.
Oh, there are still stupid investors, but they aren’t FRIGGIN MORONS !!
I think people would buy electric cars if they could be powered directly with a solar panel rather than with a toxic battery that empties its charges before the car can get out of your neighborhood.
The basic physics problem is that no solar panel generates enough power to move itself let alone the car and you too.
What we need is a mandate that says that X % of all cars must be powered by solar sails. Congress can change the laws of physics. They gave us an extra hour of sunlight last Sunday didn't they? If they can stop the Earth from rotating for an hour once a year then they can do this too. I BELIEVE!
L M A O
Sure, if you CANT prove that they wont find something that no one yet knows exists then it must exist but we just don't know it yet, right? There is a MAJOR flaw in this logic.
When was the last time the federal government fixed anything?
How often does the federal govt create big azz mistakes?
Then tries to fix the big azz mistake and makes it even worse?
I rest my case!
WRT the well-being of the nation, I agree.
Just limiting the discussion to the unemployment rate, Obama can argue that the current official unemployment rate is better than 10% (October 2009). My point is that such statistics eventually improve, even if govt. policies are impeding economic growth.
I am still convinced as I have been for 3 years that there is no happy ending
I would like to believe that Obama will lose and a GOP POTUS would slow the spending, but you saw what happened when the GOP voted to reform entitlements.
yeah.......we saw : )
I don't mind responsible (and I do not consider "climate science" responsible) research into new energy technology. What I don't accept is treating "alternate energy" approaches as if they were proven in the marketplace, and paying huge amounts to favored companies who who risk little or none of their own money, even after spectacular disasters doing the same thing.
political payoffs......nuff said.
stupid investors have been culled from the herd...
bubble after bubble to keep the economy spinnin couldnt last forever, the money has been successfully funneled to fewer and fewer hands that are unwilling to 'invest' until its a matter of buyin up the lil guys...
great example of tyranny...i have yet to find a person that understands the logic, or agrees with the concept of 'daylight savings'...it appears to be simply a conditioning mechanism for the power of the suits...
as long as individuals want/need to pursue it, fine...just dont spend my [our] precious resources on it unless it is feasible, under real *science* definitions, to provide for a Constitutional purpose...
as far as the raw numbers in the economy...we've past the point of being informed in real time with real truth...we will know in a few years how todays policies have turned out, and itll be worse than we imagined...
even the aforementioned *bubbles* were nothing short of a death spiral and only served to feather some very powerful nests...sure a few individuals made out like bandits, but as with all forms of gambling, if ya stay at the table, the house WILL get its $$$s back...
most lottery winners end up broke too...
If you deficit spend while cutting taxes it will have a short term stimulative effect and when that money is cut off it will have the opposite, at least short term. That is why POTUSs always deficit spend while cutting taxes in an re-election year.
Furthermore a (deficit) stimulant is like caffeine, it doesn't actually solve any problems it just borrows from the future, but that is perfect if you are trying to get re-elected. And the government deficit spends so much already small % increases cant have a big effect.
It's like a married guy who doesnt get a raise running up the credit cards to show his wife things are improving, well they are short term.