Peter1469
03-02-2017, 08:21 AM
Regulatory reform can make America great again (http://www.realclearpolicy.com/articles/2017/02/28/regulatory_reform_can_make_america_great_again.htm l)
The regulatory state, or bureaucratic state, is one of the big structural problems America faces. The legislative branch has ceded much of its authority to make laws to the executive branch. Hence the Trump plan to eliminate two regulations for every new regulation. And the call to roll back the regulatory state in general.
Last week, the Phoenix Center published a new study (http://www.phoenix-center.org/perspectives/Perspective17-01Final.pdf) covering the costs of federal regulations on the private sector. It determined that one federal regulator costs the private sector 135 jobs. Yes, you read that right: For every federal bureaucrat your tax dollar supports, 135 of your neighbors are without work.
The Phoenix Center study also found that a 10 percent cut in the regulatory budget would provide an additional 1.2 trillion in GDP. Such a cut in regulatory budget would simply bring the nation back to the pre-Obama levels. The Phoenix Center study concludes that a minor trimming of the federal bureaucracy would create 3 million new jobs annually.
In short, if Trump did nothing else but return the federal bureaucracy to pre-Obama levels, it would be an economic success. Just imagine what would happen to our economy if Trump could return the federal bureaucracy to pre-Bush or pre-Clinton levels.
Read the rest of the article.
The regulatory state, or bureaucratic state, is one of the big structural problems America faces. The legislative branch has ceded much of its authority to make laws to the executive branch. Hence the Trump plan to eliminate two regulations for every new regulation. And the call to roll back the regulatory state in general.
Last week, the Phoenix Center published a new study (http://www.phoenix-center.org/perspectives/Perspective17-01Final.pdf) covering the costs of federal regulations on the private sector. It determined that one federal regulator costs the private sector 135 jobs. Yes, you read that right: For every federal bureaucrat your tax dollar supports, 135 of your neighbors are without work.
The Phoenix Center study also found that a 10 percent cut in the regulatory budget would provide an additional 1.2 trillion in GDP. Such a cut in regulatory budget would simply bring the nation back to the pre-Obama levels. The Phoenix Center study concludes that a minor trimming of the federal bureaucracy would create 3 million new jobs annually.
In short, if Trump did nothing else but return the federal bureaucracy to pre-Obama levels, it would be an economic success. Just imagine what would happen to our economy if Trump could return the federal bureaucracy to pre-Bush or pre-Clinton levels.
Read the rest of the article.