According to Jerry Ellig from George Mason University’s Mercatus Center, the Obama Administration not only rushed the rollout of the Affordable Care Act website (it was reported the site could only handle 1,100 users at a time the day before it went public), it rushed regulations too.
To find out more about how regulations and other decisions made by the government affect every day businesses, see our new “Story of Business” video on Detroit, Mich. here.
According to The Washington Post, “As for the rest, one benefit of the shutdown is that it has reminded the country that it can function well without the dozens of federal bodies that exist solely to layer more burdens on the private economy. Consider the evidence in the Federal Register, which is the record of new government rules that Washington is imposing on the rest of us.
Regulations are taxes by another name. Here are the most interesting stories on federal regulation policy from the last week
The Washington Post takes a look and notes, “Medicare was signed into law on July 30, 1965, and within a year seniors were receiving coverage. President Barack Obama signed the Affordable Care Act on March 23, 2010, and the uninsured start getting coverage more than three years later on Jan. 1, 2014.”
Regulations are taxes by another name. Here are the most interesting stories on federal regulation policy from the last week.
The Mercatus Center’s Patrick McLaughlin reports a new study by John Dawson of Appalachian State University and John Seater of North Carolina State University “estimates that federal regulations have reduced economic growth by about 2 percent per year between 1949 and 2005.”
According to the Competitive Enterprise Institute, “All in all, 2,160 final rules have been published in the Federal Register this year. If this keeps up, the total tally for 2013 will be 3,684 new final rules.”
The Hill reports something unique: the Farm Credit Administration has asked farmers to outline bad regulations to get rid of. Bravo!
According to The Hill, “After requiring a longtime magician to draft a disaster plan for his rabbit, the U.S. Department of Agriculture (USDA) is now reviewing its regulations to ensure common sense applies.”
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