Tag Archives: regulations

We did not know how bad He was!

11 Tuesday Sep 2012

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Obama’s administration has added 11,327 pages to the Code of Federal Regulations over the past three years. The President is also responsible for over $5.4 trillion in new debt in his first term. Obamacare has eighteen pagesto define a full-time employee. That should tell you all you need to know about Obamacare. The unemployment rate has remained above 8% for most of Obama’s term. The real unemployment rate, one that quits counting the long-term unemployed as if they don’t really want a job)  is 14.7%. These things are all related. Obama’s policies are exactly opposite of what we need to create jobs and spark the economy. The tons of regulations are big disincentives for job creation.

Randy Johnson, senior vice president of labor, immigration and employee benefits at the U.S. Chamber of Commerce, in a Labor Day briefing, distributed a handout of a Congressional Research Service analysis of a 2008 study commissioned by the Small Business Administration that estimated the annual compliance price for all federal regulations at $1.7 trillion that year. That was before Obama dumped over 11,000 new pages of regulation on our economy.

Obama cannot run on his record so he continues to use the tired line that “we did not know how bad the economy was”. This contradicts his entire 2008 Presidential campaign where he said our economy was the worse since the Great Depression. We expect this from a man who even lied in his autobiography. Bill Clinton, also not a man known for his honesty, parroted this ridiculous claim at the Democrat convention when he said that no President, not even (the great) Bill Clinton, could have fixed the economy in a mere four years.

The reason our economy is in the tank, our credit has been downgraded, our debt has skyrocketed and unemployment is at 14.7% is because of Obama’s policies, period. The good news is that the fix is not all that complicated. Romney’s five point plan is right on target. His plan is:

  1. By 2020, North America will be energy independent by taking invented of our oil, are coal, our gas, our nuclear, and renewables.
  2. We will give our fellow citizens the skills they need for the jobs of today and the careers of tomorrow. When it comes to the school your child will attend, every parent should have a choice, and every child should have a chance.
  3. We will make trade work for America by forging new trade agreements, and when nations cheat in trade, there will be unmistakable consequences.
  4. To assure every entrepreneur and every job creator that their investments in America will not vanish, as have those in Greece. We will cut the deficit and put America on track to a balanced budget.
  5. We will champion small businesses, America’s engine of job growth. That means reducing taxes on business, not raising them. It means simplifying and modernizing the regulations that hurt small businesses the most and it means we must rein in skyrocketing cost of health care by repealing and replacing Obamacare.

With a President Romney, if the GOP holds the House and can get to 51 seats in the Senate (60 would be much better) then America has a chance.

My REFORM Plan

09 Tuesday Aug 2011

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Despite President Obama and Treasury Secretary Geithner’s state of denial, Standard and Poors gave our country a much needed wake-up call with their recent downgrade. The left are out with their scripted talking points calling the downgrade a “tea party downgrade”. In reality the much maligned tea party has been trying to put us on the right path but the Democrats were not interested. Obama even called for a “clean” bill to increase the debt ceiling just months ago. That probably would have resulted in downgrades from all of the major rating agencies.

The lame debt ceiling bill that was passed does not “cut” a dime in current spending. What it does is reduce a small amount of growth in future budgets over a 10 year period. The dirty little secret is that our future budgets have about a nine percent (9%) increase per year built in. If you were maxed out on your credit limit and were spending twice as much as you earn, what would you do?  Would you spend only 5% more on your next vacation than you spent this year rather than 9% more? The answer is common sense but politicians are not being honest about spending. They choose to demagogue rather than seek solutions. To make matters worse the mainstream media help with the deceit with their complacency.

In addition to a debt crisis our economy is in a recession. Unemployment is over 9% and there is nothing happening to change this. Businesses are not going to expand and hire as long as there is an administration that is hostile to growth. What we need is a comprehensive plan that helps restore our economy to what it once was and structurally reforms our government’s spending. This necessarily means that entitlements need to be addressed. Here is a framework called REFORM to accomplish this:

 Reform the budgeting process.

  1. Eliminate the baseline budget system which begins the process with built in increases. Replace that with a zero based approach that requires departments to justify spending each year.
  2. Cap spending at a percentage of GDP.
  3. Restore fiscal integrity to Medicare and Social Security programs.
  4. Repeal Obama Care

 Evaluate need of all agencies. Appoint a task force of business and efficiency experts to evaluate all government agencies and recommend elimination of agencies and consolidations. Their task would be to reduce discretionary spending from current levels by 33%. No politicians or former politicians would be appointed to the task force. Congress would have to vote on the recommendations without amendments.

Formulate an energy policy to make us energy independent

    Encourage new nuclear plants. Streamline the permit process.

  1. Open up ANWAR for drilling.
  2.  Encourage new nuclear plants. Streamline the permit process.
  3. Re-open the Gulf for drilling.
  4. Include natural gas and coal in comprehensive energy plan.

 Overhaul the tax system 

  1. Reduce corporate rate from 35% to 28%.
  2. Eliminate the Repatriation Tax. Companies have billions of dollars overseas that would be taxed at 35% if they were to bring cash home to invest. This is insane.
  3. Reduce the top personal income tax rate.
  4. Eliminate the Earned Income tax credit
  5. Eliminate agenda driven tax credits such as credits for electric cars, solar heat, ethanol, etc.
  6. Simplify the tax code.
  7. Eliminate the alternate minimum tax.
  8. Make these changes permanent.  

 Reduce the Regulatory burden that stifle growth. There has been a proliferation of regulations since Obama got in office. The overreach of our government bureaucracies has gotten out of hand over the last several decades. This causes uncertainty and outsourcing of jobs to more business friendly governments.  

  1. Put a moratorium on all new regulations for one year
  2. Repeal Dodd-Frank Bill
  3. Repeal Sarbanes-Oxley
  4. Review agenda driven regulations and evaluate need for each regulation

 Mandatory balanced budgets – Pass a balance budget amendment that requires spending cuts to balance the budget. No automatic tax increases.

 This may seem like an impossible task but the liberal experiment that we have experienced for 50 years has broken the bank. Even European countries have realized it. It may be too late for some of them. We still have some time but cannot afford to stay on Obama’s agenda. The power to do this is in the voters hands. We need to throw out the Democrats and Republicans who do not embrace these ideals. Reject promises of pork spending in your district. Reject excuses and the blaming of others.  Vote for candidates who will pledge to carry out these REFORMS and hold them accountable. We have seen in the tea party candidates that swept into office that this is possible. We should demand it.