Compared with non-election years, the number of economically significant regulations submitted for OIRA review more than doubles during midnight periods when control of the White House switches to a different party. The surge is rarely accompanied by an increase in OIRA’s budget or staff. Thus, OIRA can be overwhelmed during midnight periods, resulting in rushed, flawed oversight.
The largest claimed benefit of energy-efficiency regulations is based on the agencies' presumption that consumers and firms make irrational purchasing decisions and therefore gain when regulations restrict their choices.
Four out of every five dollars in the currently debated bill—roughly $80 billion per year—will be spent on groceries bought with food stamps for one in every seven Americans. An estimated 45 million Americans received food stamps in 2011 at a cost of $78 billion. That’s a two-fold increase from just five years ago, when 26 million people received benefits at a cost of $33 billion.
The farm bill comes up for renewal every five years, and its specific provisions determine whether major farm programs administered by the U.S. Department of Agriculture (USDA) will continue. As Congress considers reauthorization of the farm bill this year, it is important to put the history of farm bill spending in proper context.
It is a commonplace to hear presidents and OMB officials claim that the total benefits of regulations exceed their total costs. In this week’s chart, Mercatus Center policy director Richard Williams highlights the disparity between the total number of rules and the number of rules with monetized benefits and costs in order to demonstrate that such claims simply cannot be validated.