jim49er
09-30-2011, 10:23 PM
Written by Brian Koenig
Friday, 30 September 2011 11:38
Rep. Don Young (R-Alaska, left) plans to introduce a controversial bill that would abolish every federal regulation enacted in the past two decades, including restrictions on banking, oil drilling, healthcare, and food and drug safety. "My bill is very simple, I just null and void any regulations passed in the last 20 years," Young announced to a crowd at the Anchorage Downtown Rotary Club. "I picked 20 years ago because it crossed party lines and also we were prosperous at that time. And no new regulations until they can justify them."
Rep. Young’s legislation is still in development, but the premise of the bill is to dissolve burdensome regulations that hamper American businesses from growing and prospering in the sluggish U.S. economy. "The main thing is if an agency can’t justify a regulation, it shouldn’t be on the board," he contended. "The overall idea behind the legislation is to make sure an agency justifies these regulations." The Alaskan congressman did however cede to the likely fate that his proposal would be barricaded by the Democratic-led Senate or stamped with a veto by President Obama.
Regardless of the bill’s details, the binding reality is regulatory agencies have boomed over the past decade, and at a more progressive rate during the Obama administration. According to a study by the Heritage Foundation, 75 new major regulations have been enacted — costing $38 billion annually — since President Obama took office. The New American reported last month:
http://www.freerepublic.com/focus/f-news/2786284/posts
Friday, 30 September 2011 11:38
Rep. Don Young (R-Alaska, left) plans to introduce a controversial bill that would abolish every federal regulation enacted in the past two decades, including restrictions on banking, oil drilling, healthcare, and food and drug safety. "My bill is very simple, I just null and void any regulations passed in the last 20 years," Young announced to a crowd at the Anchorage Downtown Rotary Club. "I picked 20 years ago because it crossed party lines and also we were prosperous at that time. And no new regulations until they can justify them."
Rep. Young’s legislation is still in development, but the premise of the bill is to dissolve burdensome regulations that hamper American businesses from growing and prospering in the sluggish U.S. economy. "The main thing is if an agency can’t justify a regulation, it shouldn’t be on the board," he contended. "The overall idea behind the legislation is to make sure an agency justifies these regulations." The Alaskan congressman did however cede to the likely fate that his proposal would be barricaded by the Democratic-led Senate or stamped with a veto by President Obama.
Regardless of the bill’s details, the binding reality is regulatory agencies have boomed over the past decade, and at a more progressive rate during the Obama administration. According to a study by the Heritage Foundation, 75 new major regulations have been enacted — costing $38 billion annually — since President Obama took office. The New American reported last month:
http://www.freerepublic.com/focus/f-news/2786284/posts