Posted on 08/23/2011 11:39:35 AM PDT by yoe
The Obama administration on Tuesday announced plans to streamline hundreds of regulations across all government departments and said that the review will likely save at least $10 billion over five years.
House Majority Leader Eric Cantor (R-Va.), however, called the effort "underwhelming." The regulatory review does not address the kinds of major items the GOP would like to eliminate, such as those associated with the Dodd-Frank financial reform, the Obama healthcare reform or a raft of new environmental regulations, including the possible regulation of greenhouse gases.
[snip] Cass Sunstein, the chief of regulations at the Office of Management and Budget noted the most significant changes, saving some $4 billion over five years, come from the Department of Labor, the Environmental Protection Agency and the Department of Transportation.
[snip]The DOL change will simplify hazard warnings, saving $2.5 billion, while the Transportation Department is relaxing rules on railroads.
[snip]Sen. John Barrasso (R-Wyo.), who is leading the Senate GOP's fight against regulations, said that the Obama initiative is insufficient given the tide of new rules. "Since the start of the year, the administration has proposed more than 340 regulations at a cost of more than $65 billion to job creators. It is important to note that these are only the regulations for which the administration actually conducted an economic analysis. For hundreds more, it has regulated blindly, with no cost or job numbers associated with its rules," he said.
[snip] Responding to the criticism, Sunstein told reporters that $10 billion in savings is very significant. [snip] He said that the administration is implementing Dodd-Frank and healthcare reform in a way that is sensitive to costs
(Excerpt) Read more at thehill.com ...
Obama with a Dem house and Dem Senate managed to run up
$4,247,000,000,000 in new debt.
Now we should feel good that that MAYBE we might save
$10,000,000,000 over five years?
That would be like your your wife going to the mall and putting $4,247 on an credit card and saying “Don't worry honey, I am going to try and save up at least $10 over the next 5 years”.
Meaningless.
Obama is banking on Americans to be too stupid to understand this.
If anyone believes this crap I have a nice bridge to sell them.
Do you get your choice of bridge colors? LOL
I remember W requesting and getting big budget increases for the IRS and SEC. I don't remember him decreasing any regulations. It looks like Obama is doing more than the GOP did.
“But Bush......”
Don’t you have any clue at all of just exactly how lame that excuse is?
Or are you just running out of talking points, and decided to walk that old dog around the park again?
Put up or shut up. Did W cut regulations or increase them? This thread is a couple of days old, and so far nobody has put up.
you are looking at it as if from the bottom looking up 45degrees and i think there's a little 0-logo in the ear
10 BILLION...one days interest
The EU make the policies for Europe. The Czars do it for the USA. Europe is broke. And we’re on the way.
That contempt and disdain is the weirdo “queerdo” feeling of government these days. They go abroad and are trashed as diplomates, laughed at, and they do not even admit it or see it. The hypocrisy of the diplomacy has them pimped like little girls by foreigners.
I cannot stand these shameless queered’ up government ranks swelling up like this, and this is why Issa et. al. do not go after Zero, because he is doing a good job in their eye, while Zero bows down like a shamed little boy to retard goat humpers in Saudi Arabia or Pakistan etc...
But the destruction of relationship that Zero is fostering is terrible, and now Congress is mulling whether it is going to be appeased by Zero’s funding them stuff, slapping him on the wrist instead for bad behavior south of the border in arms smuggling.
THis is where all this budget is for... it is like a Union bargaining from hell and of death... of this budget this and that because you got this and that agent killed, quid pro quo type settlements...
These people live in another campus.
ditto.
"Fasten your seatbelts, it's going to be a bumpy night!" as Bette Davis would have said.
They always were, until this Administration.
Not really. They've been doing the $$$$ over X years for a while. Interestingly, they only do it for cuts. Expenses are always given per annum.
Most of the cost of theses Regulation is to Americans of course. And even the estmate of the Obama Administration for the few they did estimate, are probably gross understatement much like most all Government estimates of the economic costs of their “rules”.
Raising the debt ceiling was a serous mistake, I hope John Boehner, and most especially Mitch McConnell lose their job over that vote.
I’d sooner vote for a democrat then vote for either of them traitors. At least a democrat fights you from the front, not stabs you in the back from behind.
Like I always say..... nuke the EPA and Department of education. They are hack havens, patronage havens, affirmative action havens. Fire every last parasite at the EPA then bulldoze the buildings. Same with Department of Education. Many other Federale agencies can easily fire half the employees and we’ll get along just fine. And they won’t bother us with dumbass regulations because they have too much time on their hands
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.