Monday, October 4, 2010

300,000 regulations from the Feds

How about some good news to start the week? There really isn't much, unless you're a Michigan (or pick your favorite winning team) fan.

Did you know that the Federal Register, which contains all of the federal rules and regulations, is more than 80,000 pages? Can anyone get a grasp on that?

According to the Miami Herald:

Legal experts say there are more than 4,450 federal crimes on the books and as many as 300,000 federal regulations that can be enforced criminally. From 2000 to 2007, Congress created 452 entirely new crimes, said Brian Walsh, a senior legal research fellow at the Heritage Foundation who focuses on overcriminalization.
How's that for deregulation?

On the energy front, from a newsletter I get every weekend, John Mauldin writes about a presentation from a former Shell executive.
He argues that the fight between the right and the left has given us 37 years without a realistic energy policy, as policy gets driven by two-year political cycles but good energy planning takes decades. There are 13 government agencies that regulate the energy industry, with conflicting mandates that change very two years. There are 22 congressional committees that have some level of involvement and oversight of the energy industry.
He goes on to predict $125 per barrel for oil, with gas between $4 and $5 at the pump, by the middle of 2012.

More of that deregulation, I guess.

Regardless of what you hear from the lefties, about how Bush and his cronies deregulated everything and caused all of our problems, the reach of government keeps growing, and doesn't really care which party is in power, though the Dems have shown no proclivity to slow down this growing monster.

As Thomas Jefferson put it: "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."

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