Two Things Congress Must Get Done In Order To Get This Economy Going Again!
Over-Regulation is costing the American Public an enormous amount of money. The costs of these regulations are coming out of the pockets of our small business owners, limiting new business investments, stalling innovation, and keeping this economy buried in the Great Recession.
The total cost of regulations cost the American Economy over $1.75 Trillion dollars each year. To put that into perspective, ObamaCare is supposed to cost the taxpayers $2.6 Trillion over the next decade, which pales in comparison to the almost $20 Trillion that regulations will cost the American Economy over the exact same period of time. Conclusion: Costly over-regulation is set to cost over 500% more than ObamaCare. What is worse than that? Most, if not all, of these regulations are never voted on, and are put in place by bureaucrats who have never been elected.
How can we fix this problem?
Who can step in and save the day, eliminate needless regulations, and stop the government from continuing to expand at an alarming rate?
The answer is Congress…Now that you have all let out a groan, since we know that Congress is the last group of people we would ever want to depend on for a task this important, let’s look at the simple steps they could take to take on this issue today.
1) Use the power they already have: The 1996 Congressional Review Act allows Congress to review and veto any regulation put in place by the Executive Branch. This Act is almost never enforced, yet Republicans could block every new regulation that Obama and Co. try to put in place if they wanted. Republicans need to read this Act (I know…unlikely….but a guy can dream, can’t he?) and enforce this act over and over until the Executive Branch stops trying to force new regulations down our throats.
2) Vote the REINS Act into place. Senator Rand Paul has tried to push this legislation, which would make it a law that Congress would have to vote on, and pass, any new regulation that would have over a $100 million impact on the economy. This would stop bureaucrats who have never been elected from having hundreds of millions of dollars worth of negative impacts on our economy every single year.
Why is this issue so important? As departments of the government get larger and larger, so do their proposals and regulations. For example, the most strict ozone regulations, which are currently being considered by the Obama Administration, would cost the American Economy over 7 million jobs and over $1 Trillion dollars a year between 2020 and 2030…
There is another $10 Trillion reasons that this issue is so important…and that is JUST ONE regulation.
Forward and share this with your friends, spread the word on how much over-regulation is costing the taxpayers, and fight to hold your congress accountable to do their jobs and reverse this problem today!