In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review July 14, 2014 / 16 Tammuz, 5774

Save the economy: How to start dismantling governmental agencies

By Jack Kelly

JewishWorldReview.com | From 1820 through 2000, the inflation-adjusted gross domestic product grew at an average annual rate of 3.6 percent. Since 2000, real GDP has grown at half that rate (2.125 percent a year during the Bush administration, 1.24 percent during Barack Obama’s presidency).

If our economy were growing in the 21st century at the same rate as in the 19th and 20th, our GDP would be $5 trillion larger, millions more would have jobs, family incomes would be 30 percent higher.

“There is nothing that the federal government could possibly do for the middle class (or any other class, for that matter) that having 30 percent more income would not do much, much better,” said Louis Woodhill, who writes about economics for Forbes magazine.

It’s creation of additional wealth, not redistribution of existing wealth, that lifts people out of poverty. The gap between rich and poor is wider, and growing faster, in states like California and Illinois where redistribution is emphasized, than in states like Florida and South Dakota, where it isn’t, according to a study by MoneyRates.com.

Additional tax revenues generated by economic growth reduce deficits more than tax rate hikes or spending cuts. Rising wealth and new technologies protect the environment better than government regulations do.

Many things government does affect wealth creation.

Expanding or contracting the money supply can light a fire, or tamp one down.

Spending can spur growth, but wasteful spending and too much debt exert drag.

Growth tends to be higher when taxes are lower; the kinds of taxes imposed may matter more than how much we pay.

But monetary policy, spending and taxes combined may not have affected the rate of economic growth as much as has the explosive growth in the number and scope of federal regulations.

There were 138,049 pages in the Code of Federal Regulations when the 21st century began, 175,496 at the end of 2013. Pages were added at a rate of 2,490 a year during the Bush administration, 3,504 during each of the first five years of the Obama administration.

This is a crude measure, because the length of a rule as printed in the CFR often bears little relationship to its effect on the economy. But the growth has been startling. There were just 19,335 pages in the CFR in 1949; 22,877 in 1960; 71,224 in 1975.

The 5,262 pages added to the CFR in 2012 were more than were added during the Truman, Eisenhower and Kennedy administrations combined.

The annual cost to comply with federal regulations was $1.75 trillion in 2010, according to a Small Business Administration study. It was $1.9 trillion last year, estimates the Competitive Enterprise Institute.

Because it is disguised in higher prices, fewer jobs and lower salaries, few of us realize federal regulations cost us about as much as we pay in federal income taxes and payroll taxes.

Were it not for the drag imposed by regulations adopted since 1949, GDP in 2011 would have been more than three times larger, estimate economists John Dawson and John Seater. Median household income would have soared.

New regulations in 2012 added about $236 billion to the economy’s burden, estimated the American Action Forum. A rule the EPA proposed this year to restrict CO2 emissions would raise the price of energy and reduce household disposable income by $586 billion over the next 16 years, the U.S. Chamber of Commerce estimates.

In the first quarter this year, the economy shrank at an annual rate of minus 2.9 percent. It was the weather, the White House said. More likely it was mostly because of Obamacare, given data from the Bureau of Economic Analysis. Just before the Fourth of July, the Department of Health and Human Services published 1,296 pages of additional regulations.

Some regulations are essential to protect the health and safety of consumers and workers, to guard against fraud, to protect the environment. But nearly all of those were issued long ago.

Can you think of any regulations issued since 2000 so necessary that they justify cutting economic growth in half? Have any imposed since 1949 been of more benefit to your family than an additional tens of thousands of dollars in annual income would have been?

Congress should suspend, pending review, all federal regulations imposed since 2000. Those found necessary should be tweaked to reduce their economic impact. Those which do more harm than good should be repealed.

Then Congress should abolish agencies whose rules have done more harm than good.


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JWR contributor Jack Kelly, a former Marine and Green Beret, was a deputy assistant secretary of the Air Force in the Reagan administration.

© 2014, Jack Kelly