The Daily News reports that many in the audience at the Rotary Club appeared “taken aback by the breadth of what Young appeared to be saying.”

Young admitted in his speech that such a bill would likely have a difficult time clearing Congress and that the president would almost certainly veto it. However, he argued that it is time for a sea-change in American politics.

"We've got to make the public less comfortable and more interested in the benefits that they should be providing because of economic well-being for future generations," Young said.

Since 1991 a vast array of regulations have been put into place by Congress and the executive branch touching every sector of American life, from industry, aviation, agriculture and food safety to banking and energy production.