It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
President Obama, who this week has issued a flurry of environmental rules, is planning to unleash another set of "midnight regulations" right before he leaves office that will cost Americans $6 billion.
Obama has already broken all past records on creating federal regulations and red tape, and his new adds will boost the overall price tag to over $1 trillion.
The new regulations, according to the watchdog group American Action Forum, include four from the Environmental Protection Agency and one from Interior.
These five measures alone could impose $5.1 billion in costs and more than 350,000 paperwork burden hours. In addition, three other rules in proposed form could add $898 million in burdens and 146,000 paperwork hours, for a cumulative total of nearly $6 billion in potential midnight costs and nearly 500,000 burden hours from the two agencies. Consider, EPA and Interior have already imposed $349 billion in previous burdens since 2009," said AAF's Sam Batkins.
originally posted by: chrismarco
a reply to: xuenchen
Just to be clear...hear is a quote from the article
These five measures alone could impose $5.1 billion in costs and more than 350,000 paperwork burden hours. In addition, three other rules in proposed form could add $898 million in burdens and 146,000 paperwork hours, for a cumulative total of nearly $6 billion in potential midnight costs and nearly 500,000 burden hours from the two agencies. Consider, EPA and Interior have already imposed $349 billion in previous burdens since 2009," said AAF's Sam Batkins.
So let us look at the word "could"...they do not say it will cost 5 billion and what's up with the 350,000 paperwork burden hours? Is this something a law firm has to sift through? Is this money factored into overtime pay?
Reading through the article and watching the news clip I realized that a lot of this is directed to ensure that drilling does not occur in the Arctic/offshore..basically a block to stop offshore drilling...I have no problem with that and my hope is we continue the slow crawl towards other methods of energy such as solar and wind...and yes I get that wind is not as effective but it's not as effective because we do not divert enough money/funding into solar and wind..
I'm no hippie here and I love working on engines but I look forward to the day when we no longer need to rely on oil, coal or natural gasses..
Again let me stress my earlier observations around the word could...