Speaking of Madeline Kahn, maybe the Republicans should adopt her attitude in dealing with Obama on this debt deal. I mean if you heard the presser he had yesterday, it's beginning to sound like "Ground Hog Day" in the White House. Boehner and the boys have to be tired:
Short piece on the cost of regulation over at Investor's Business this morning: "Less Regulation = More Jobs." If you don't read the whole article - remember the money line:
Federal regulations cost the economy more than $1.75 trillion in 2008, about 14% of the size of the economy.
To understand how massive that is, consider that the regulatory burden for each U.S. household is more than $15,000 a year while private health care spending per household is $10,500 annually.
That was in 2008, BEFORE the on-going implementation of Dodd-Frank and the disaster of Obamacare. Speaking of that - Obama and the parrot Dems keep yelling that the Republicans should "compromise" and "bend" on taxes. Really? How come Obamacare is not allowed into the discussion when it is an estimated $14 TRILLION torpedo aimed at the centerline of the U.S. economy?
Look, Obama and his minions have already raised taxes...how soon we forget: Taxes Upon Taxes Upon Taxes. No tax ever created a job.
For all the caterwauling in Washington over the debt, in 50 state capitols, the Governors and legislators are trying to figure out how to address a collective $112 Billion dollar debt - without the ability to print money. New Geography has a comprehensive report on their efforts that is worth a browse: "Enterprising States: Recovery and Renewal." The states are the laboratory of our republic and some like Texas and Tennessee are being innovative and forward-thinking while some, like California, are dying. The whole report is available from the U.S. Chamber by clicking the picture below:
That's it for today.