News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles.Fair Use Doctrine is posted & used. Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year] Contact: editor@arranewsservice.com (Pub. Since July, 2006)Home PageFollow @arra
One of the penalties for refusing to participate in politics
is that you end up being governed by your inferiors. -- Plato
(429-347 BC)
Thursday, April 28, 2016
Regulations Accelerate, Economy Slows
The ‘Economy Edged Further Into The Slow Lane’ As Obama Bureaucrats ‘In The Bowels Of Federal Agencies’ Busily Bury Job Creators Under A ‘Flurry Of Regulations’
“The U.S. economy sputtered in the first quarter, expanding at the slowest pace in two years as business slashed investment by the steepest amount since the Great Recession. Gross domestic product, the sum of a nation’s economy, slowed to a 0.5% annual growth rate in the first three months of 2016, the government said Thursday.” (“GDP Report Shows Economy Grew In First Quarter At Slowest Pace In Two Years,” Marketwatch, 4/28/16)
“Much of this work will be carried out in the coming months by career bureaucrats working in the bowels of federal agencies, but the cumulative effect adds up to something larger: A final-year sprint by a president intent on using executive power… in many instances over loud objections from the businesses that will have to pay for it.” (“Obama Pushing Thousands Of New Regulations In Year 8,” Politico, 1/4/16)
“Nearly 4,000 regulations are squirming their way through the federal bureaucracy in the last year of Barack Obama’s presidency — many costing industry more than $100 million — in a mad dash by the White House to push through government actions affecting everything from furnaces to gun sales to Guantánamo.” (“Obama Pushing Thousands Of New Regulations In Year 8,” Politico, 1/4/16)
“In his first seven years, Mr. Obama issued 392 regulations deemed ‘major,’ meaning each carries an expected economic effect exceeding $100 million annually. Forty-seven more sat on the drawing board for this year.” (“Obama Readies Flurry of Regulations,” The Wall Street Journal, 4/7/16)
THE REGULATORY TAX: $1.94 Trillion In Annual Costs
“The estimated cost of regulation exceeds half the level of the federal spending itself, which was $3.5 trillion in 2014. Regulatory costs of $1.88 trillion amount to 11 percent of the U.S. GDP, which was estimated at $17.4 trillion in 2014 by the Commerce Department’s Bureau of Economic Analysis.” (“Ten Thousand Commandments,” Competitive Enterprise Institute, P.2, 2015)
“The Weidenbaum Center at Washington University in St. Louis and the Regulatory Studies Center at George Washington University in Washington, D.C., jointly estimate that agencies spent $59.5 billion (on budget) to administer and police the regulatory enterprise. Adding the $1.88 trillion in off-budget compliance costs brings the total reckoned regulatory enterprise to about $1.94 trillion.”(“Ten Thousand Commandments,” Competitive Enterprise Institute, P.3, 2015)
“If one assumed that all costs of federal regulation and intervention flowed all the way down to households, U.S. households would ‘pay’ $14,976 annually on average in regulatory hidden tax. That payment amounts to 23 percent of the average income of $63,784 and 29 percent of the expenditure budget of $51,100. The ‘tax’ exceeds every item in the budget except housing. More is ‘spent’ on embedded regulation than on health care, food, transportation, entertainment, apparel and services, and savings.” (“Ten Thousand Commandments,” Competitive Enterprise Institute, P.2, 2015)
‘16 rules were issued for every law enacted’ in 2014. “In 2014, 224 laws were enacted by Congress during the calendar year, whereas 3,554 rules were issued by agencies. Thus, 16 rules were issued for every law enacted last year. …This disparity highlights the delegation of lawmaking power to unelected agency officials.” (“Ten Thousand Commandments,” Competitive Enterprise Institute, P.2, 2015)
23,000 FORMS: ‘An Almost Incomprehensible Amount Of Paperwork’
“…a large percentage somehow cannot be submitted electronically. For example, according to OIRA, 447 of HHS’s forms cannot be submitted electronically. ... Likewise, there are more than 1,000 Treasury forms that cannot be submitted online, as well as more than 1,400 Agriculture forms. In the year 2016, it’s discouraging that such a large percentage (28 percent) of supposedly vital private information must be mailed back to the federal government.” (“How Many Federal Forms are There?” American Action Forum, 4/21/16)
“HHS’s lead in forms has nothing to do with Medicare, Medicaid, or the Affordable Care Act. … [For example, one] HHS [paperwork] leader, ‘Evaluation of Dating Matters,’ collects 60 forms on everything from discussing ‘the possibility of misinterpreting feelings through text messages and/or emails’ among sixth graders.” (“How Many Federal Forms are There?” American Action Forum, 4/21/16)
“The Department of Agriculture, somehow, imposes more than 3,700 forms… A review of the data reveals a collection for ‘Vegetable and Specialty Crops’ contains 334 associated forms, far more than even the Individual Income Tax (200). It appears this collection, at just 24,000 aggregate hours, contains a federal form for every item of produce imaginable: nominations to the ‘Vidalia Onion Committee,’ nominations to the ‘Hazelnut Marketing Board,’ a report of inventory for ‘High Moisture Content Prunes,’ and an application to ship Florida tomatoes for relief or charity.” (“How Many Federal Forms are There?” American Action Forum, 4/21/16)
GALLUP: ‘Half … Say Gov't Regulates Business Too Much’
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