Young America's Foundation

Join Our Email List

  • New Guard Inner
  • Cost of Federal Regulation is Equivalent to 1 Million Jobs

    7/26/2012 12:35:10 PM Posted by Ron Meyer
    youthunemplo
    By Ron Meyer, Young America's Foundation Spokesman
     
    Everyone in Washington claims they want to be "creating jobs," yet no one in Washington will get Washington out of the way.
     
    YAF alumna Celia Bigelow points out in CNS News that federal regulation costs businesses approximately $46 billion dollars. The average American salary is around $40,000. So, the cost of federal regulation costs the same as employing more than 1 million Americans


    Considering thereare 2.7 million less jobs available for young people since 2008, cutting much of this federal regulation would be a great first step to a real recovery.

    Here's an excerpt from Bigelow's piece:

    The amount of major business regulations that the Obama Administration created in its first three years outnumbers those created by Bush 4:1. 106 new major regulations were created by the Obama Administration that cost businesses $46 billion annually. The Bush Administration created 28 new major regulations in its first three years that cost businesses $8.1 billion—nearly 5 times less.
    ...
    If the government eliminated all regulations on businesses, the economy would see immediate job creation. It is simple: everything held constant, if you take the $46 billion annual regulation costs and divide it by a salary of $40,000—an amount that many of the 12.7 million unemployed citizens would gladly accept—it would equal more than one million jobs.

    Read the full op-ed: *CNS News*
    • Readers' Comments

    • I Hate Soap Operas. I have ever since I was the snotty nosed, pig-tailed, five year-old Grandma baby-sat after shcool. Our afternoons were filled with her incessant dramas with plots that never moved on. And I still cringe to this day when I flip through the channels and see that blasted hourglass or spinning globe.But, every day, Grandma would give me a choice. From her favorite chair at the big table she'd point at me and say, "You sit here quietly while we watch my soaps or go in the other room and draw."I picked "the other room" every damned day. And that's where an artist was born. In a little room off the front porch with a low coffee table, the perfect size for drawing at, and out of ear-shot from the melodramatic soaps, I learned how to create. My pencil found it's way across the paper to produce friends for me, creatures with wings and horns, girls wearing clothes I wanted to design, or even some butt-kicking Ninja Turtles. So, art, for me, began as an escape from the anathema of my youth and still exists as an escape. An escape from rules, reality, assumptions, life, yourself, myself, or just really bad TV.
      Posted by Shrikant on 02/14/2013
    • XhMJqY <a href="http://xevqmbfzolcr.com/">xevqmbfzolcr</a>
      Posted by lloqabm on 02/15/2013
    • SETahc , [url=http://rjoqepwcopjw.com/]rjoqepwcopjw[/url], [link=http://hmwsrvftzsno.com/]hmwsrvftzsno[/link], http://qqtbpcexncvl.com/
      Posted by rgsakvt on 02/18/2013
    • hfzUXJ wow, awesome article.Really looking forward to read more. Awesome.
      Posted by 2317 on 08/05/2014
    Leave a comment
    Name
    Email
    Comment
Copyright 2014 Young America's Foundation | 11480 Commerce Park Dr., Suite 600, Reston, VA 20191-1556 | Ph. 1.800.USA.1776 | Fax 703.318.9122
www.yaf.org | www.reaganranch.org | www.nationaljournalismcenter.org