Political Quotes

“Now we move from the ludicrous to the absurd to the sublime. Yesterday, they wanted a report from the President upon issuance of an executive order for executive orders having an inflationary impact or having an economic impact of $1 billion. Today, they have gone to one one-thousandth of that. They want a report for every $1 million. The gentleman points out that I observed yesterday that it would apply to only a handful of executive orders, which is absolutely right. I wasn't arguing or wasn't concerned, as he said, that it applies to too few cases. I was just reflecting about how silly the whole exercise was. They didn't even seem to understand how few executive orders it would apply to, just like they forgot to put into the legislation a requirement that it actually be published, something that was remedied yesterday in the Boebert amendment. In any event, Mr. Chairman, now they want an inflationary estimate statement when there is an executive order that has $1 million economic impact, which, by my quick calculation here, is three one-hundred- thousandths of 1 percent of the $26 trillion U.S. economy. It is a fraction of the budget of the Oversight Committee itself. We may as well be saying we should register what the inflationary impact is of the majority and minority budgets in the Oversight Committee. Obviously, this is an exercise in futility, in silliness.…”