Saturday, January 29, 2011

Cut Regulations, Too!

Cut Regulations, Too! InsiderOnline

Last year, the federal government passed 43 new major regulations, and those regulations will cost in excess of $26.5 billion annually, according to the Government Accountability Office. In total, regulations now cost the U.S. economy $1.75 trillion annually. ...

Read the rest here.

Comment : These regulations are created in most cases not by Congress, but by bureaucrats who occupy space in meaningless agencies. However these agencies were created and expanded because Congress abdicated their constitutional role to provide oversight and meddles in areas the US Constitution does not authorize them to be involved.

But dig a little deeper and there you'll find special interest groups who move in and out of these federal agencies and line the pockets of the senators and house member who in turn fund and expand the agencies. And at the end of the day we pay the bill and carry the burden of the cost through increased taxation.

Repeal the 17th Amendment and we'll see this all end because our senators will become servants of the states instead of special interest.

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