The House of Congress passed in May a bill that would require the Securities and Exchange Commission to carry out a cost benefit analysis of each of its policies, to assure that the "benfit" of its regulations outweigh the "costs" on business. Read the linked article while keeping into mind how a cost benefit analysis can make or break an initiative, regulation, or project.
Imagine you are conducting a cost-benefit analysis. How do you plan to use this when making decisions about public expenditures? How necessary is it in the decision-making process?