This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Currency Cure: Deregulation

The original Medicare program, enacted in 1965, was projected to cost $9 billion 25 years later, in 1990. The actual cost that year was $67 billion. But while there is no meaningful prospect of rolling back spending, is it too much to hope that enough politicians, persuaded of the gravity of our crisis, can be found to hold spending at current levels?

That is the equivalent of asking the national barflies to just go home instead of ordering up yet another round. I write this fully aware that in the past, promises to hold spending at current levels have been nothing but eyewash for the public. Still, out of respect for the claim that no one is beyond redemption, I offer up a one-step program to provide the economy immediate relief and cushion our crash.

Commerce strains and the economy groans under a growing regulatory load that can be lifted at virtually no cost. We have become utterly inured to the burden that America's productive bear, but it is massive.

According to a report by the Competitive Enterprise Institute, Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, businesses spent $1.17 trillion on federal regulatory compliance in 2008. That doesn't include the $49.1 billion the bureaucracy spent enforcing those regulations. It works out to $16,000 for a family of four.

Athletes intentionally burden themselves with weights strapped to his arms and legs, but only for training. Removal of the load leads to a higher level of performance in competition. And America badly needs to become more competitive. Lift the regulatory load and watch an American Wirtschaftswunder, an "economic miracle." Talk about a stimulus package! And unlike the Republican and Democrat boondoggles, it doesn't explode the debt.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%
YHOO $44.45 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs