CEI Today: Cost of regulation, Greece imploding, and 6 immigration reforms

REGULATORY COSTS – WAYNE CREWS

Openmarket.org: How Much Does Federal Paperwork And Tax Compliance Cost?

The Office of Management and Budget, in its 2011 Information Collection Budget of the U.S. Government, estimates that 8.783 billion hours is required to complete regulatory paperwork annually, up from 7.4 billion in 2000, but down from 2009. The OMB doesn’t focus on the projecting of cost estimates for all these hours, but does allow that “if each hour is valued at $20, the monetary equivalent would be $176 billion.”

GREECE IMPLODING – BILL FREZZA

Huffington Post: Greece: How Long Until Junta?

Anyone who believes that the situation now spiraling out of control in Greece will end peacefully is dreaming. There is no credible plan for economic recovery. Greek GDP is imploding. Multinational corporations are pulling up stakes, sometimes selling off their Greek operations for one euro just to get out. No foreign investor in his right mind would put money into a new business there, and the local entrepreneurs who try are usually strangled in a tangle of red tape through which no amount of fakelaki can cut.

When the anarchist/communists explode and the fascist/nationalists fight back, will we see a repeat of a civil war that claimed more Greek lives than World War II?

IMMIGRATION REFORM – DAVID BIER

Openmarket.org: 6 Ways To Improve The Senate’s Immigration Proposal

“We will ensure that this is a successful permanent reform to our immigration system that will not need to be revisited.” That’s from a statement released today from Sens. Chuck Schumer (D-N.Y.), John McCain (R-Ariz.), Dick Durbin (D-Ill.), Lindsay Graham (R-S.C.), Robert Menendez (D-N.J.), Marco Rubio (R-Fla.), Michael Bennet (D-Colo.), and Jeff Flake (R-Ariz.). The senators argue that their proposal will provide the permanent fix America’s immigration system needs, but here’s six ways it could be better. >