Posted on 10/23/2017 5:50:57 PM PDT by ForYourChildren
The government has added an average of 13,000 new restrictions annually for the past 20 years. Under Trump, the number of new regulations is near zero.
In a speech on October 11 promoting his tax-reform plan, Donald Trump spoke rosily of America’s economic revival, crediting himself for having cleared the way for growth. “Since January of this year, we have slashed job-killing red tape all across our economy,” the president said. “We have stopped or eliminated more regulations in the last eight months than any president has done during an entire term. It’s not even close.”
It seemed a characteristic bit of Trumpian magniloquence—he’s not only a boffo deregulator, he’s the best ever! Still, it was a remarkable claim. Trump has overseen more deregulation than George W. Bush or Ronald “government is the problem” Reagan?
But, measured by at least one significant standard, Trump’s claim is true. Patrick McLaughlin of the Mercatus Center, a free-market-oriented think tank at George Mason University, applies innovative research techniques to the study of regulation and the economy. He recently analyzed the output of regulatory restrictions promulgated in the last several presidencies, going back to Jimmy Carter. McLaughlin found that there have been periods in some presidencies when regulatory output slowed or declined—in several years of the Reagan presidency, for instance, and in 1996, when “reinventing government” was part of Bill Clinton’s election pitch. But over the full terms of each recent president, including Reagan, regulation increased, according to McLaughlin. So far the increase in regulatory restrictions under Trump has been near to zero.
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(Excerpt) Read more at weeklystandard.com ...
“The government has added an average of 13,000 new restrictions annually for the past 20 years.
“Under Trump, the number of new regulations is near zero.”
The US tax code is 8x bigger than the King James Bible.
“A 2013 study published in the Journal of Economic Growth found that accumulated regulations between 1949 and 2005 slowed the American economy by an annual average of 2 percent.
“One of McLaughlin’s studies estimates that the cumulative effect of government regulation caused the economy to be $4 trillion smaller in 2012 than it might have been.”
So,... much,... WINNING!
To the extent the States and Federal governments unleash freedom on We the People, we will have a booming - yet stable - economy as far as the eye can see.
If/when the hostile legal environment is ever reigned in (tort reform) and eliminating political correctness and indoctrination in our schools, the USA will be top dog well into the end of the century.
“The US tax code is 8x bigger than the King James Bible.”
I’ve seen both the US Tax Code and the King James Bible.
I think you’ve under-reported the size of the tax code.
This is amazing to contemplate.
But enraging about the 20 years prior!
Definitely. :D
Cutting the gonads out of the alphabet agencies will do much good.
This man is exactly what this country needed at exactly this time. I dread going back to someone less capable of understanding why government is usually the problem and not the solution. I pray Trump gets a full 8 years followed by Pence getting another full 8 years. The country should be fairly well repaired by then to the point that the left can’t kill it for a good long time after I’m dead and gone.
This is why the establishment boneheads and leftists, but I repeat myself, have got their panties all in a bunch. They always think they should be making new laws about this or that. After all isn’t that what they were elected to do? The easy answer to that is a resounding NO!
Some regulation is always needed but our society is way over regulated. When I lived in Cali decades ago it was well known the state made over 1000 new laws every year; just at the state level. That didn’t count all the county, city, and town laws. So stifling. I could barely breathe by the time I left and that was way back then. Now it’s ridiculous and of course; all dem driven. To see such a beautiful state ruined by such jackasses who let the invasion of illegals happen. Not only let it; encouraged it just so they could have cheap housekeepers and landscapers. Sickening.
“This is why the establishment boneheads and leftists, but I repeat myself, have got their panties all in a bunch. They always think they should be making new laws about this or that. After all isn’t that what they were elected to do? The easy answer to that is a resounding NO!”
Yes. You’re correct. Very good point.
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