Usually, “bipartisan” means “twice as stupid.” But for real regulatory reform to happen, both parties need to be involved. President Obama’s recent executive orders requiring agencies to comb their books and repeal unneeded regulations should save a few billion dollars. But that’s just a drop in a $1.7 trillion bucket. Over at Fox Forum, I explain one bipartisan idea that could potentially save much more:
Agencies cannot be trusted to clean out their own books because they have no incentive to. Agency administrators want to maximize their
missions and budgets. Having them police themselves will not yield real savings.
There is a relatively easy fix: get independent outsiders with no stake in the outcome go through the Code of Federal Regulations make the
repeal recommendations. President Obama should appoint a bipartisan repeal commission to do just that and then send its package of repeal
proposals to Congress.
Congress, worried about backlash from interest groups with vested interests in existing rules, would have every incentive to water down
the package. To avoid that, Congress should impose on itself a requirement to have a straight up-or-down vote on the package within a
short time-say, 10 legislative days-with no amendments allowed.
Read the whole thing here.
Maybe there is something to John Edwards’ “Two Americas” conceit after all. Except the warring factions aren’t the haves and have-nots. They are what Steven Malanga calls tax eaters and tax payers. And the two see the world very differently. See this revealing excerpt from today’s WSJ Political Diary (subscription required).
Pollster Scott Rasmussen uses several questions to break down voters demographically, but one of his most original tweaks is to differentiate between those voters he calls the “Political Class” and those he calls “Mainstream Americans.” The “Political Class,” representing about 14% of the electorate, tend to express “trust” in political leaders while rejecting suggestions that government is its own special interest and often works with big business against consumers. In contrast, “Mainstream Americans” represent about 75% of the voting public and identify with or lean toward a more populist skepticism about the intentions and actions of political leaders.
Striking is how the two groups divide on the question of repealing ObamaCare. “Mainstream Americans” support repeal by an overwhelming 73%, while the numbers are almost exactly reversed among the “Political Class,” 72% of whom oppose repeal.
Posted in Philosophy, Political Animals, Public Choice
Tagged government, john edwards, mainstream americans, new new left, obamacare, political class, Public Choice, repeal, steven malanga, tax eaters, taxpayers, two americas, two americas speech, wall street journal, wsj, wsj political diary