Skip to comments.White House unveils plans to trim regs, save at least $10 billion
Posted on 08/23/2011 11:39:35 AM PDT by yoe
The Obama administration on Tuesday announced plans to streamline hundreds of regulations across all government departments and said that the review will likely save at least $10 billion over five years.
House Majority Leader Eric Cantor (R-Va.), however, called the effort "underwhelming." The regulatory review does not address the kinds of major items the GOP would like to eliminate, such as those associated with the Dodd-Frank financial reform, the Obama healthcare reform or a raft of new environmental regulations, including the possible regulation of greenhouse gases.
[snip] Cass Sunstein, the chief of regulations at the Office of Management and Budget noted the most significant changes, saving some $4 billion over five years, come from the Department of Labor, the Environmental Protection Agency and the Department of Transportation.
[snip]The DOL change will simplify hazard warnings, saving $2.5 billion, while the Transportation Department is relaxing rules on railroads.
[snip]Sen. John Barrasso (R-Wyo.), who is leading the Senate GOP's fight against regulations, said that the Obama initiative is insufficient given the tide of new rules. "Since the start of the year, the administration has proposed more than 340 regulations at a cost of more than $65 billion to job creators. It is important to note that these are only the regulations for which the administration actually conducted an economic analysis. For hundreds more, it has regulated blindly, with no cost or job numbers associated with its rules," he said.
[snip] Responding to the criticism, Sunstein told reporters that $10 billion in savings is very significant. [snip] He said that the administration is implementing Dodd-Frank and healthcare reform in a way that is sensitive to costs
(Excerpt) Read more at thehill.com ...
Major BS alert missing.
You can put all the lipstick you want on a pig, it is still a pig
Spend ten TRILLION, trim ten billion? Come back when you decide to CUT!
Yeah, regulations go to the very core of liberalism.
“Likely” to save all of $2B a year? I bet it’s backloaded until the middle of the Palin administration, too.
The unidentified streamlining of unidentified regulations.
Oh yeah, that should do the trick!
$10B over five years. HAHAHA! Is this the best that they can do?
wow, $10 billion. over 5 years.
$10 billion is the total of the cuts for 2 years, $7B in 2012, $3B in 2013, from the boehner/reed/-26Bama raise-the-debt-ceiling-by-$2+Trillion plan.
Gosh! $10 billion?!
Is that per day? Why, that would be great!
You know, the entire PREMISE of this is SO WRONG. Hussein is acting like he is doing a FAVOR? Since the time he has seized power, the premise has been GOVERNMENT GETS TO CONTROL THE ECONOMY. So this "relief" is being portrayed as GOVERNMENT HAS DEEMED THIS TO BE UNNECESSARY, SO GOVERNMENT WILL ALLOW YOU ANOTHER MEASURE OF FREEDOM.
Hussein's philosophy does not allow for the natural rights of man--it is a philosophy that demands control from ABOVE.
Don't be deceived folks, and gently remind any friends or neighbors who might be inclined to think Hussein "has learned his lesson" about regulation.
This is a dog and pony show. Nothing more. If Hussein cared about over-regulation, the entire DeathCare law would be repealed today.
Even Better Recovery Summer!!
Let’s say they get all of their expected “savings” of $2B per year.
The DEFICIT is still over $4B per DAY.
Big deal. In total Federal Regulations cost us $1.75 Trillion.
“You LIE” To be implemented in 2013, and still no drilling for oil in the Gulf.
What is that like 2 days worth of deficit spending?
And it's no coincidence that he's chief of regulations at OMB. Where better to destroy American capitalism than through a tyranny of bureaucratic edicts?
Trim some regs til I get re-elected.
However, under the radar....spend, spend, spend.
is it time for another vacation yet?
Darn, I haven’t seen all 57 states or all countries.
Oh my, see my grey hair. I’m so workin’ it, I’m turning white.