Originally Posted by Buster
We need a lot of things. like the Pentagon budget to be rduced below the current $600+ billion.
Nobody has suggested confiscating the welath of the upper 1%. But the article i started this thread with said they are sitting on $5.1 trillion in CASH. They have enough wealth to pay off are debt.
My neighbor may have enough cash under his mattress to pay off all of my debt but that isn't his responsibility nor would I ever ask someone to cover my debts.
It is cash on hand not income. Do you want to start taxing savings every year? The reason it is cash on hand instead of being put to use is because the business climate in the US is not favorable to growth. Government policy is actually encouraging contraction as you can see by companies laying people off all the time. Why risk your cash if there is nothing (more) to gain?
Obamacare is a 1000 pages of unknowns and the waiver process is a joke. Why are some companies given a pass while others aren't? Just more loopholes. Exactly what we need and that is just one bill among tons of new regulations. How can a small business that can't pay a team of lawyers to decipher these regulations comply while being able to compete?
6,125 Proposed Regulations and Notifications Posted in Last 90 Days--Average 68 per Day
By Penny Starr
November 9, 2012
(CNSNews.com) – It’s Friday morning, and so far today, the Obama administration has posted 165 new regulations and notifications on its reguations.gov website.
In the past 90 days, it has posted 6,125 regulations and notices – an average of 68 a day.
The website allows visitors to find and comment on proposed regulations and related documents published by the U.S. federal government. "Help improve Federal regulations by submitting your comments," the website says.
The thousands of entries run the gamut from meeting notifications to fee schedules to actual rules and proposed rule changes.
In recent days, for example, the EPA posted a proposed rule involving volatile organic compound emissions from architectural coatings: “We are approving a local rule that regulates these emission sources under the Clean Air Act (CAA or the Act),” the proposed rule states. “We are taking comments on this proposal and plan to follow with a final action.”
Another proposed rule will provide guidance for FDA staff on "enforcement criteria for canned ackee, frozen ackee, and other ackee products that contain hypoglycin A." (Ackee is the national fruit of Jamaica; unripened or inedible portions can be toxic.)
Some of the proposed regulations revise regulations already on the books.
The website also links to a video of a speech President Barack Obama gave at the U.S. Chamber of Commerce in Washington, D.C. on Feb. 7, 2011, in which the president promised to remove “outdated and unnecessary regulations.”
“I've ordered a government-wide review, and if there are rules on the books that are needlessly stifling job creation and economic growth, we will fix them,” the president said.
A number of groups, including the Competitive Enterprise Institute, expect a rush of new regulations now that President Obama has won a second term:
CEI expects the EPA to move ahead on delayed rules on everything from greenhouse gas emissions to ozone standards. “Rules from the health care bill and the Dodd-Frank financial regulation bill will also likely make themselves known in the weeks to come," the group said on its website.