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03-08-2018, 12:52 PM
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#1
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Benefits of Regulations
OMB Report: Net Benefit of Regulations Is Huge.
Oh O.
Original OMB report.
https://www.eenews.net/assets/2018/0...ment_pm_01.pdf
Summarized......
https://www.motherjones.com/kevin-dr...tions-is-huge/
"Republicans hate regulations. Donald Trump hates regulations. OMB chief Mick Mulvaney hates regulations. So it must have killed him to publish the most recent report to Congress on the costs and benefits of major regulations. Unfortunately, there’s a regulation that requires it, so the report was submitted once again. Here are the estimated net benefits (benefits minus costs) of major regulations over the past decade"
..The thing to note here is that the net benefits are all positive: that is, the benefits far outweigh the costs. This is because federal agencies don’t generally adopt regulations that have a net cost. The people being regulated may hate it, but they aren’t the target for this stuff. You and I are."
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03-08-2018, 01:07 PM
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#2
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Registered User
Join Date: Jul 2013
Posts: 17,095
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So the bureaucrats in Washington did a study of themselves to determine if the money we spend on them is worth it.
Amazingly, they found that they are indeed well worth it.
__________________
A man's got to know his limitations. -- Dirty Harry
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03-08-2018, 01:38 PM
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#3
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Registered User
Join Date: Mar 2013
Posts: 5,414
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03-08-2018, 02:05 PM
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#4
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,486
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Quote:
Originally Posted by hcap
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Make a real nice sticker on one of these.
Last edited by fast4522; 03-08-2018 at 02:07 PM.
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03-08-2018, 02:13 PM
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#5
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
Originally Posted by hcap
OMB Report: Net Benefit of Regulations Is Huge.
Oh O.
Original OMB report.
https://www.eenews.net/assets/2018/0...ment_pm_01.pdf
Summarized......
https://www.motherjones.com/kevin-dr...tions-is-huge/
"Republicans hate regulations. Donald Trump hates regulations. OMB chief Mick Mulvaney hates regulations. So it must have killed him to publish the most recent report to Congress on the costs and benefits of major regulations. Unfortunately, there’s a regulation that requires it, so the report was submitted once again. Here are the estimated net benefits (benefits minus costs) of major regulations over the past decade"
..The thing to note here is that the net benefits are all positive: that is, the benefits far outweigh the costs. This is because federal agencies don’t generally adopt regulations that have a net cost. The people being regulated may hate it, but they aren’t the target for this stuff. You and I are."
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There should be a government regulation against worthless graphs and equally worthless posts that eat up precious bandwidth.
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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03-08-2018, 02:24 PM
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#6
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Registered User
Join Date: Jan 2006
Posts: 28,569
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Quote:
Originally Posted by boxcar
There should be a government regulation against worthless graphs and equally worthless posts that eat up precious bandwidth.
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If that were the case...then both the religious threads here would have been deleted long ago.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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03-08-2018, 02:35 PM
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#7
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,915
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Quote:
Originally Posted by boxcar
There should be a government regulation against worthless graphs and equally worthless posts that eat up precious bandwidth.
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And who gets to designate the ones that are worthless?
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03-08-2018, 02:39 PM
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#8
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Registered User
Join Date: Jan 2006
Posts: 28,569
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Quote:
Originally Posted by Dave Schwartz
And who gets to designate the ones that are worthless?
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Boxcar...of course! Who else has proven that he is guided by the "Holy Spirit"?
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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03-08-2018, 02:55 PM
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#9
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,915
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Quote:
Originally Posted by thaskalos
Boxcar...of course! Who else has proven that he is guided by the "Holy Spirit"?
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I was thinking along the lines of Republicans (or Democrats) having all the correct answers.
... but get your point.
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03-08-2018, 03:04 PM
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#10
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Registered User
Join Date: May 2011
Posts: 22,655
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For some reason I suspect the 'costs' of the regulations do not include all the employee, benefits, and facility costs (but I can not tell because of the nice graphs and figures shown).
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03-08-2018, 03:05 PM
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#11
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by hcap
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Why bother...?
These same people LOVE regulations when Trump says to... like tariffs.
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03-08-2018, 04:00 PM
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#12
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Did you ever give anyone a "why bother" when they were arguing against Obama supporters? And you happened to agree with them?
I don't recall you ever being this snarky...ever...
But it's all good...just curious...
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03-08-2018, 04:28 PM
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#13
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
Originally Posted by Dave Schwartz
And who gets to designate the ones that are worthless?
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Why the government, of course, who Hcap implicitly trusts 24/7.
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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03-08-2018, 04:30 PM
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#14
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,887
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This seems to be a pretty stupid article.
"Regulations" are not all equal in value or harm. A regulation has to be judged wholly on its own. Obviously, we need regulations. Obviously, we don't need to regulate everything.
We do know that over-regulating stifles business and costs money.
__________________
Who does the Racing Form Detective like in this one?
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03-08-2018, 04:32 PM
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#15
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
Originally Posted by Dave Schwartz
I was thinking along the lines of Republicans (or Democrats) having all the correct answers.
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Since neither do, this would argue very strongly for limited government -- not more of it with mega tons of regulations.
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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