I've talked to countless individuals, business owners, people who wanted to start a business, that talked about what it took for them to get started. Some of them maxed out every credit card that they had. They applied for more credit cards just so they could max out to try to get the business off the ground. Others are looking at it, saying, you know, I've got some great ideas where we could grow, we could expand, or I could even start my own business, but I can't do that because we don't have the ability or the means to do that. But to your point about the USDA requiring a license of somebody's rabbit, The Wall Street Journal recently talked about a Competitive Enterprise Institute study estimating that Federal regulations cost over $1.8 trillion. Now, that's nearly $15,000 for every American household, $15,000 that, before you can start your business, before you do anything else, is already built into the cost of doing business. That's already part of the factor you have to overcome the regulations. $1.8 trillion, that's about the same size as Canada's GDP, the gross domestic product of Canada. We are regulating this country to the size of Canada's gross domestic product; and yet we're hoping to solve our unemployment problem by getting people to put it all on the line and risk their houses, their lives to go out and start something, to go out and take a risk, and yet we have regulations, $15,000 every household.…
On the recordJuly 22, 2013
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