Perhaps they aren't the only answers, but Senator Chuck Grassley, R-Iowa, says three things could be done to get this economy turned around and get businesses large and small hiring again.
"One get this deficit under control, two, stop the biggest tax increase in the history of the country from happening on Dec. 31, 2012," Grassley said. "And lastly, a two-year moratorium on regulations."
That last idea is one that more than 75 agricultural groups, farmer co-ops and agribusinesses have asked leaders of the House and Senate Agriculture Committees to suggest to the Joint Select Committee on Deficit Reduction. Grassley says it does not mean undoing regulations already on the books.
"I don't think it includes that at all, it only includes regulations that are proposed that haven't gone into effect yet," Grassley said. "For agriculture one of those is the fugitive dust rule. That's what we're up against, the lack of common sense in thinking that a farmer combining soybeans can keep the dust from his combine within his property lines. I think it is safe to say it isn't just agriculture but I think a moratorium would help."
Grassley says he would not favor an elimination of the Environmental Protection Agency, noting it's important to have someone administer the rules that do exist. But he believes things could be done to make EPA more reasonable, which is why he's co-sponsoring legislation to give Congress some say in certain regulation decisions.
"What they call a major rule, which would be generally a rule I think that costs more than $100 million to the economy, once it's proposed could not go into effect until it was actually adopted by Congress," Grassley said. "We delegate this authority, maybe we don't have the expertise to fill in the details, but once experts have had an opportunity to fill in the details, then subject it to Congressional review and let us find out if common sense has prevailed."
Grassley says Congress could then consider the economic impact of the rule as well.