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Politics : Formerly About Advanced Micro Devices

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locogringo
To: tejek who wrote (858777)5/20/2015 1:39:23 PM
From: i-node1 Recommendation  Read Replies (2) of 1575641
 
So, the facts come out, Railroad Boy:

But it turns out that Obama’s own guy was the one recommending that the system be canceled, not the Republicans.

When a Republican lawmaker in 2011 asked an Obama administration Office of Management and Budget official to name regulations where costs were not justified by benefits, the official had a ready answer.

“There is only one big one that comes to mind,” said Cass Sunstein, then administrator of the White House OMB’s Office of Information & Regulatory Affairs. “It is called Positive Train Control.”

Even though the regulations for the $13.2 billion rail-safety system were mandated by Congress, “monetizable benefits are lower than the monetizable costs,” Sunstein told then Rep. Sue Myrick, R-N.C., at a House Energy & Commerce subcommittee hearing. “There aren’t a lot like that.”

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