@cicerone imposter,
Well, we need to do so something to improve our GDP growth or we will soon enough face a serious debt crisis.
We have been running about 1.5% per year below our historical growth rates since the end of the 2007 recession. Over time that makes a huge difference.
Some significant improvements can be quickly achieved by the elimination of some needless elements in a growing tangle of regulations by various departments of government. These have the unintended side effect of harming small, growing businesses and inhibiting the creation of new ones and thereby creating an environment in which only well-connected large established business enterprises survive. This is economic poison. Some of that has already begun and the positive results are already visible.
We already have some of the sclerotic side effects of over regulated labor markets and intrusive social welfare systems that affect Europe. The side effects are in slowed job creation, chronic high unemployment among the young and unskilled, both of which lead to downstream social problems.