Political Quotes

“I yield myself such time as I may consume. I strongly oppose the amendment offered by the gentleman from West Virginia (Mr. McKinley), which would make a very dangerous bill even more devastating to the American people. If implemented, this amendment would broaden the scope of this legislation to impede the issuance of even more rules than are impeded by the underlying bill itself. By lowering the threshold at which a ``significant regulatory action'' is measured from rules that have an annual cost to the economy of $100 million or more to just $50 million or more, the legislation would prevent the implementation of important rules whose benefits far outweigh their costs. One of the things that we do not zero in on with regard to this legislation overall--and we saw it in our committee--is the cost- benefit analysis. I think it's very, very significant, when you think about the fact that there are certain regs which save lives, many which protect our constituents with regard to their pocketbooks, all kinds of things. Sometimes when you just look at the cost of a business coming in and complaining, as opposed to balancing it with regard to benefits, sometimes I think things get out of balance. The amendment clearly illustrates why Cass Sunstein believes a moratorium on the issuance of regulations is such a bad idea.…”