Don’t Regulate Me Bro!

A new working paper from libertarian think tank CEI called, hilariously, Tip of the Costberg: On the Invalidity of All Cost of Regulation Estimates and the Need to Compile Them Anyway, reveals that regulations cost American businesses $1.863 trillion annually. While that number is staggering, something somewhat buried in the blog post on the report is actually much more important. An earlier Small Business Administration report revealed “the extent to which regulatory costs impose higher burdens on small firms, for which per-employee regulatory costs are higher.”

Sounds obvious, and rather innocuous, doesn’t it? It’s harder for small firms to comply with regulations. What we have here is a classic case of the seen versus the unseen. Costs, we can measure -- even if poorly, as the Costberg paper points out. What we can’t see is the innovation we lose out on when small firms go under in the face of regulatory burdens.

One of the fundamental assumptions used by the Ideological Left is that the use of the Volcker Rule is useful to the Ideological Left.

Very few other Intellectual Economists can boast of a more inclusive circular reasoning economic policy rule.

Economist, and award-winning, Intellectual Paul Volker’s “Rule” can be simplified and defined as follows:

“The systematic Federal Over-Regulation of a private financial entity in order to stimulate financial failure until a financial failure threshold is exceeded that insures that the financial debt of that private entity exceeds what can be recovered in a court-managed bankruptcy.”

The Volker Rule can also be applied to all USA Governments, Local, County, State and Federal, for the primary purpose of increasing Regulations, fines. taxes, and fear of additional future Government oppression.

Thus, an expanded definition of The Volcker Rule is as follows:

“The Federally Over-Regulated stimulation of financial debt owned by private businesses, as ell as Local, State, and Federal Government programs and other spending centers, ( commonly called “Bureaus”), until the financial debt of said private or Govewrnment entity exceeds what can be recovered in a court-managed bankruptcy.”

Abolition of the Volcker Rule would remove The Left’s Ideological support of all known, Marxist Re-distribution of Wealth Ponzi Schemes, commonly promoted by the Left as “Safety Nets,” including the following on this partial list:

* Social Security Administration Programs
* Disability payments
* Unemployment payments
* Medicare
* Medicaid
* Obamacare
* Aid to Dependent Children
* Rent subsidies
* Hospital Emergency Room Payments
* School Lunch Program
* Food Stamp Program
* Federal Aid to Education
* Federal Housing Loan Guarantees
* Federal Highway Funding
* Federal election funding.

Obama and his enabling, VERY gullible, Doormat Republicans, especially Boehner and Cantor, have proven beyond a smidgen of a doubt that the 102 year old Federal Re-distribution Welfare Entitlement State must be ABOLISHED in order to financially save our Republic.

It is time, - - - time for a change in 2014.

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