The Patriot Post® · Cutting Red Tape
Since 1999, the number of regulations on the federal government’s books has climbed from about 830,000 to 1,040,940 in 2012. According to research done by George Mason University’s Mercatus Center, “The American regulatory system has no working, systematic process for reviewing regulations for obsolescence or poor performance, facilitating the accumulation of a vast stock of regulations. A recent study found that the accumulation of federal regulations slowed economic growth by an average of two percent per year between 1949 and 2005.” Part of the problem is the difficulty in reviewing regulations and then cutting out the dead parts. So the researchers called for Congress to pass a regulatory reform act of some kind. Politicians need to make this reform part of their campaign platform this November because this is something that could bring real change to Washington. More…