This week marks the 50th anniversary of Ronald Reagan’s speech, “A Time for Choosing,” which shined a national spotlight on Reagan and helped launch his political career. In the speech, Reagan stresses the importance and ideological motivation behind a smaller, more efficient form of government, noting the economic burden of overregulation.
According to Reagan, “Federal employees—federal employees number two and a half million; and federal, state, and local, one out of six of the nation’s work force employed by government. These proliferating bureaus with their thousands of regulations have cost us many of our constitutional safeguards. How many of us realize that today federal agents can invade a man’s property without a warrant? They can impose a fine without a formal hearing, let alone a trial by jury? And they can seize and sell his property at auction to enforce the payment of that fine.”
Sadly, this quote is still rings true. The total cost of regulations totaling over $2 trillion in 2012, and as of last spring, there were over 3,300 more federal regulations in queue ready to be handed down from Washington. Likewise, polls continue to show federal regulations as a top challenge facing small business owners across the nation.
It’s clear small businesses need a change. As Election Day nears, it’s time we put candidates in Washington who understand the challenge small business owners are facing and work together to find solutions to these problems.
Read Ronald Reagan’s entire speech here.