Tag Archives: omb

CEI Podcast for October 6, 2011: How to Deregulate the Economy

Have a listen here.

Vice President for Policy Wayne Crews is author of the new CEI study, “The Other National Debt Crisis: How and Why Congress Must Quantify Regulation.” He discusses a few of his many ideas for deregulating the economy, including a regulatory budget, improved cost analysis, and lowering the threshold of “economically significant” regulations from $100 million to $25 million. This would require OMB to review more than the roughly 5 percent of new rules that it currently analyzes. The other 95 percent should not slip through the cracks.

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CEI Podcast for July 7, 2011: How Much Does Regulation Cost?

 

Have a listen here.

One federal government study says federal regulations cost $1.75 trillion. Another says it’s $62 billion. The difference is almost a factor of 30. Vice President for Policy Wayne Crews compares the two, and talks about the hazards of calculating regulatory costs and benefits. As it turns out, $1.75 trillion might be an understatement.

Sometimes I Think They’re Just Messing with Us

Here’s an excerpt from an early 1980s Office of Management and Budget report:

An agency subject to the provisions of the Federal Reports Act may enter into an arrangement with an organization not subject to the Act whereby the organization not subject to the Act collects information on behalf of the agency subject to the Act. The reverse also occurs.

Grading Obama’s First Year

CEI has just released a comprehensive report card on the administration’s first year in office. My contribution is below. The full report card is here.

C- Office of Management and Budget – Peter Orszag, Director
Grader: Ryan Young, Journalism Fellow

Spending and deficits are far higher than under President George W. Bush, himself a big spender. But Obama can’t be given all the blame. The bailout and stimulus spending programs that caused much of the fresh red ink got their start under Bush. In a potentially positive regulatory development, the number of pages in the Federal Register decreased from 79,435 in 2008 to 69,676 in 2009. Of course, the contents of those pages matters more than how many of them there are. And on that front, the new administration is business as usual.