There’s a regulatory cliff too

From: American Thinker

Rick Moran

Via  Pat Hynes lobbying and PR shop, an  excellent round up of articles on what they are calling the “regulatory cliff”  that has almost completely been ignored by the media and even most  conservatives.

A  few examples:

Though  the fiscal cliff dominates headlines, Team Obama’s rapid expansion of  regulations cannot be ignored. “The growing cost of regulations  has been hidden from the headlines behind the fiscal cliff, but they should  not be ignored.” [Sam Batkins, “Lame duck regulatory deluge could top $100  billion,” American Action Forum, 11/27/2012.]

The  regulatory burden sounds a lot like our deficit. “The Obama  administration has pursued an active regulatory agenda. The overall regulatory  burden is now $1.8 trillion annually, according to the Competitive Enterprise  Institute, and this year alone new rules have added $215.4 billion in compliance  costs.” [Rep. Sam Graves, “The regulatory cliff awaits,” Reuters,  12/6/2012.]

The  lack of transparency is staggering. “Current law generally  dictates that a regulation should not be at the White House longer than 90 days.  However, as demonstrated below, more than 80 percent of all currently reviewed  ‘regulatory actions’ have been at the White House for more than 90 days.   The Office of Information and Regulatory Affairs (OIRA) admits 84 percent  of EPA rules have been delayed and 100 percent of energy regulations have, for  some reason, been under review for more  than 90 days.” [Sam Batkins, “Lame duck regulatory deluge could top $100  billion,” American Action Forum, 11/27/2012.]

Obama’s  bureaucrats have refused to level with the public about the impact of their  regulations. “There is a great deal of uncertainty with many of  these cost estimates.  Part of the problem is simple: transparency.   Under the Regulatory Flexibility Act (RFA), the White House must release a  ‘Unified Agenda’ of all federal rulemakings twice a year.  The  RFA notes, ‘During the months of October and April of each year, each agency  shall publish in the Federal Register a  regulatory flexibility agenda.’  To date, the administration has not  released even one agenda in 2012…Beyond a simple schedule of possible  rulemakings, the White House has been coy about the costs and benefits of recent  regulations.” [Sam Batkins, “Lame duck regulatory deluge could top $100  billion,” American Action Forum, 11/27/2012.]

The  corresponding burden to businesses – you know, job creators – is  staggering. “For the regulations that do have proposed versions,  the associated paperwork burden is 37.6  million hours.  To put this in perspective, a productive work year  is 2,000 hours.  Thus, the pending proposals could force 18,839 full-time  employees into the role of paperwork compliance.” [Sam Batkins, “Lame duck  regulatory deluge could top $100 billion,” American Action Forum,  11/27/2012.]

Now  we’re facing a $100 billion regulatory overload that few Americans know  about. “The White House touts transparency, but for an unknown  reason, refuses to follow explicit laws on regulatory transparency. At more than  $100 billion, the potential regulatory bill for the lame duck session is already  significant.  There are doubtless benefits associated with these regulatory  overhauls as well, but the public doesn’t have a fair opportunity to see the  costs or benefits of these proposed rules.” [Sam Batkins, “Lame duck regulatory  deluge could top $100 billion,” American Action Forum, 11/27/2012.]

Obama  also put off implementing $100 billion in regulations until after the  campaign.

Not  all regulations are bad but $1.8 trillion is far too large a burden to justify.  This kind of regulatory environment strangles job creation, not to mention  slowing economic activity. And there have been few of the possible thousands of  regulations associated with the implementation of Obamacare that have been  published.

Can’t  wait for that, huh.

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