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.
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.”
Four years later, those words may come back to haunt the Barack Obama White House and Sunstein, who has since returned to teaching law at Harvard. Safety investigators are still trying to piece together how an Amtrak train went off the track in Philadelphia last week, killing eight. It was a crash that a National Transportation Safety Board member, Robert Sumwalt, said might have been prevented had PTC been fully operational.