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September 16th, 2011 2:49 pm
Boehner Rides the REINS

Speaker John Boehner’s jobs plan is well targeted. It was especially encouraging to see him lead with useful attacks on the regulatory state. As a matter of fact, if you look at the summary of his plan, you’ll see that item number one is about requiring congressional approval for “major” new regulations. What he’s referring to is the REINS Act, which we wrote about a couple of times while I was at the Washington Times. This is good stuff, and very important. Please do read those two links in the previous section for an explanation. The first of those came almost a year ago to the day; the numbers need updating, but this paragraph provides a sense of the problem:

Under the Obama administration, bureaucrats have gone wild, with the Code of Federal Regulations reaching a record 163,333 pages last year (and growing). That’s an increase of 22,000 pages since 2000. In 2008, the Small Business Administration estimated that the annual cost to the economy of these regulations was $1.75 trillion, which was even before the regulatory explosion under Mr. Obama.

On deregulation, Boehner is on the right track.

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