Clyde Wayne Crews
Last week I began by making the case for a regulatory cost budget but wanted to spend time exploring looming pitfalls and political traps that could make it not worth supporting, or even render it something to actively oppose.
Last Tuesday I noted how, just as the federal government treats tax breaks as an “expenditure,” budgeting could inadvertently or deliberately lead to government expansion. Wednesday I addressed problems surrounding trading off “social” benefits with private costs. Thursday I looked at a third pitfall, coping with a fundamental impossibility of “measuring” costs. Friday before Labor Day weekend I critiqued the temptation to include benefits in a regulatory budget (they have to be accounted for elsewhere).
Here’s the fifth potential hazard for those attempting a regulatory budget, and a wrapup of this series.....To Read More....
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