Sarbanes-Oxley put new criminal offenses on the books, adding to the four thousand that are already encoded. The total number of federal crimes enumerated in our Constitution, we learn in this little book, is a grand total of three.
Bottom line: One American does something wrong and the rest of us pay the price forever. That is, all of us except the politicians who have even larger fiefdoms to oversee and lawyers and accountants who have more laws requiring compliance and opening the door for more litigation.
Miller quotes former Senator Phil Gramm at the time Sarbanes-Oxley passed saying, "In the environment we're in, virtually anything could have passed the Congress."
Do you get the feeling we're getting ready for more of the same?
After reading the statistics Miller quotes, any sane person will click off the next self-righteous political spiel about lobbying reform. In the 1920's there were 400 lobbying organizations in Washington. By the 1990's there were 10,000. Today, 35,000 registered lobbyists roam the streets and halls of Washington _ about 65 for every senator and congressman.
Let's not forget that a good chunk, and among the most lucratively compensated, of this lobbying corps are ex-senators and congressmen. Last time I checked, I found that around 40 percent of members of Congress never return home; many set up shop in the nation's capital to rake in the big bucks playing off the contacts they have and their intimate knowledge of the town.
Our problem is the size and scope of government. Period. New laws about who can talk to whom and when and who can buy whom lunch are a joke. They're cosmetics that simply redirect behavior and change absolutely nothing.
According to the latest Harris polling, Americans are indeed dubious that changing lobbying laws are going to make any difference. About 75 percent respond that new laws won't make any difference. Eighty-six percent think the type of behavior to which lobbyist Jack Abramoff pleaded guilty typifies Washington lobbying behavior.
What are the political implications here?
Republicans should pay close attention. According to investment advisor Don Luskin, a Wall Street Journal/NBC poll done last December polling voter preference for which party should control Congress now shows a stronger preference for Democrats (46 percent prefer Democrats; 38 percent prefer Republicans) than the same poll, taken in October, 1994, before the Republicans wrestled control of Congress away from Democrats, that showed 44 percent favored Republicans and 38 percent favored Democrats.
I think Republicans retain an advantage in that there are at least some who want to cut back government. Size does indeed matter and Americans should settle for no less than change that is real and that is substantial.
10 Tips to Survive Today's College Campus, or: Everything You Need to Know About College Microaggressions | Larry Elder