Existing Regulations: Implement a bipartisan regulatory reduction commission to eliminate rules; hold hearings and streamline the remainder
New Regulations: Disclose them in an annual regulatory report card mirroring the federal budget; experiment with regulatory budgeting (of costs, not benefits); require expedited congressional approval of regulations before they are binding; employ sunset dates at which time Congress would need to re-approveUltimately we must limit the power of government to coerce, and recognize that Congress cannot do anything it wants; that's how we wound up with Obamacare in the first place, and with a stressed manufacturing sector, the issues of the day. We, as voters, don't possess such power to compel our fellow citizens, and cannot delegate it to "representatives." The magnitude of the government’s power of compulsion extends well beyond the power to tax, as regulation and Obama's lawlessness in exercise of executive power today exemplifies. Whether or not regulation does good or bad things matters greatly, but isn’t entirely the point. Something else that matters is recognizing the need to better measure regulation, and to recognize trade-offs. Future observers may find taxation the lesser of the two components of governmental costs. In other words, it may be taxation that emerges as the real “tip of the costberg” while growing hidden costs of lawless regulation and interference looming unseen below the surface at last come into greater relief. That certainly seems to be the case with Obamacare, where dollar costs seems swamped by unmeasured misery.