Thursday, December 1, 2016

Over-Wordy Legislation

        
Dodd-Frank financial regulation has an immense, adverse transformational impact on American society, as well as its economy. It has over 2300 pages. I doubt if any of our House or Senate reps had read it entirely or ever will.
                 
The Federal Reserve Act which set up our basic banking
system had 31 pages. Most other basic financial legislation of the past had been composed with about a hundred or so pages.
                 
ObamaCare runs rover a couple of thousand pages and literally hides information the public or its proponents never realized exists. Which are only now coming to light.
                 
Limit the size of any bill. If it is too big to be read in a couple of hours, it is simply too big. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at
Twitter.)

No comments:

Post a Comment