Posted by Jack
Let’s face it, it’s far easier to advocate for a $100 million dollar increase in funding for a failing government program than it is to kill it. The former generates better news coverage too!
The scope of federal government spending, deficits and the national debt is staggering, but so is the impact of federal regulations, which now exceeds half the amount the federal government spends annually. Unfortunately, regulations get too little attention in policy debates because, unlike taxes, they are unbudgeted. They are also difficult to quantify because their effects are often indirect. Click here to read the full study costly government regulations.
Federal regulations imposed on America have been costing the U.S. economy more than $2 trillion every year and growing.
The Cost of Federal Regulation to the U.S. Economy, Manufacturing, and Small Business,” only looked at the economic damage inflicted through the year 2012. In recent years, though, the Obama administration — the Environmental Protection Agency (EPA) in particular — has unveiled an avalanche of new decrees set to wreak even more havoc on the fragile and embattled U.S. economy. In other words, the cost of federal regulations in 2014 is undoubtedly higher. Over the last decade alone, more than 37,000 federal regulations have been imposed on the American people and their businesses.
Small businesses do not have the manpower, money or time to devote to researching rules and regulations imposed to cover every possible nuance, so we see a trend toward consolidation. This runs completely opposite to our ideals of competition in a free society.
Almost 90 percent of manufacturers surveyed said they view regulatory compliance as a “top business challenge.” The pace and burden of the decrees, meanwhile, is still accelerating, with the Obama administration adding an almost unimaginable 11,000 pages of regulations in just his first three years in office.
“Obamacare is fully implemented January 1st, even though the regulations haven’t been [completely] written yet. And Brian, we’ve got 13,000 pages of regulations that they’ve already written. If we stacked it up here, it would be seven feet tall.”
— Rep. Richard Hudson (R-N.C.), speaking on “Fox and Friends,” May 13, 2013
“Implementation has also become a bureaucratic nightmare, with some 159 new government agencies, boards and programs busily enforcing the roughly 20,000 pages of rules and regulations already associated with this law.”
For the story on ObamaCare regulations click here.
For all the bureaucracy and cost we’ve moved about 4% more people into the insured rolls. It was 48% before ObamaCare and it’s about 52% now with ObamaCare.
But, it gets worse! The rule is a company must provide healthcare if they have 50 or more employees working 30 or more hours per week.
Thanks to ObamaCare a recent study says we have moved about 642,000 employees to become under-employed, so their employer can avoid the high cost of healthcare insurance. A large percentage of the above were already part-time employees and they were cut even further, which hurts the most vulnerable among us.
An article in the Washington Examiner reported, “A new survey by the Society of Human Resource Management released Tuesday found about 14 percent of businesses have reduced part-time hours and another 6 percent plan to do so. Employers are reducing hours to avoid Obamacare’s employer mandate, which requires companies to provide health insurance to all workers that work 30 or more hours a week.”
And we are in the worst recession since the Great Depression as a result.
Obama’s Plan to Destroy America:
https://www.facebook.com/John4Revolution“>John Proteus on Thursday, April 9, 2015
Jack we always speak about these burdens in terms of the economy or the businesses that are effected by these regulations. In the end, though, it is every single citizen of this country that is hurt. Some have to pay more in taxes and the cost of implementation. Some will pay in terms of hours, a lost job, or less opportunity to find work. All of us pay in higher prices for consumer goods…everything we buy is effected by burdensome regulations!
Some say they willingly pay the price because of the services we get in return. But this is a ruse. A system that keeps people dependent on government is a system that gives a poor return on our money, less incentive to direct our own lives, and acts as a drag on our economy and aliveness.
A system that takes 50% to 70% of income and savings to float the big government bureaucracy is a system bent on destroying opportunity, innovation, individual wealth, individual power, and freedom.
Smart regulation and taxation would mean the poor would have better buying power through lower prices. We would have more and better job opportunities for everyone. The wealthy investor class would have more money at their disposal to invest and grow businesses and jobs. Everybody benefits.
In America the enviable dream has been freedom and opportunity. For generations we preserved this system while other nations opted for bigger government or tyranny. America has been a strong, robust nation, an inspiration to whole world.
We still have time to return to our roots. I sure hope the people come to their senses and figure this out. it isn’t rocket science. In fact is is simple common sense. We the people are the power that gets our economy rolling.
Note: Dodd-Frank is also killing small business with regulation. New regulations from that monstrosity become active this year making it difficult for investors and workers with 501Ks or pensions to interact with smaller/independent brokers. Unions aren’t happy!
Radical left policy favors big government bureaucracy and control and big corporate monopoly…the hated 1%.
The conservative right favors all business, and reasonable regulation and taxes that promote competition. Competition favors the consumer as all business compete to attract their buying power.
Here’s a start—
1. Eliminate employer withholding. Let the money go to the employees, then make THEM write a check to the government every two weeks.
2. Everyone who is due a refund (which is a return of your interest-free loan to the government)file early. Everyone who owes tax, file for an extension.
3. Move voting day to April 16.
Agree completely! I really like #1.
But I think if you tax you must pay it by the 15th even if you file for extension. The government is not your friend!
#4 RHT, Scott Walker did a version of this with the state unions and their dues. The state no longer withdraws union dues from employee paychecks saving the state time and money. Employees now have to pay the unions directly.
May 2012.
“By eliminating the mandatory Union dues checkoff Scott Walker has let the union members speak-and they are speaking with their pocketbooks. See below from the Wall Street Journal:
Wisconsin membership in the American Federation of State, County and Municipal Employees—the state’s second-largest public-sector union after the National Education Association, which represents teachers—fell to 28,745 in February from 62,818 in March 2011, according to a person who has viewed Afscme’s figures. A spokesman for Afscme declined to comment.
Much of that decline came from Afscme Council 24, which represents Wisconsin state workers, whose membership plunged by two-thirds to 7,100 from 22,300 last year.
A provision of the Walker law that eliminated automatic dues collection hurt union membership. When a public-sector contract expires the state now stops collecting dues from the affected workers’ paychecks unless they say they want the dues taken out.”
http://beforeitsnews.com/politics/2012/05/wisconsin-unions-shrinking-after-walker-eliminates-mandatory-dues-2203887.html