Cato @ Liberty » This Week in Government Failure

This Week in Government Failure

Posted By Tad DeHaven On June 24, 2011 @ 2:42 pm In Tax and Budget Policy | Comments Disabled

Over at Downsizing the Federal Government ^[1], we focused on the following issues this past week:

On the National Labor Relations Board’s ^[2] recent meddling: The idea that a small regulatory board in D.C. should try to centrally plan $1 billion of private business investment is crackers.
After finally being booted from office in November, ex-Rep. Jim Oberstar reemerges to voice his support for reauthorizing the Economic Development Administration ^[3]. The EDA should be booted too.
The numbers in the Congressional Budget Office’s latest long-term budget forecast ^[4] are new but the message is the same: the budget is on an unsustainable path.
The CBO’s projections show that the long-term debt problem is not a balanced one—it is caused by historic increases in spending ^[5], not shortages of revenues.
It’s a sad commentary on the size and scope of the federal government that I would get into an argument with a senator—a Republican, no less—over a federally backed loan to a pizza shop ^[6].

Follow Downsizing the Federal Government on Twitter (@DownsizeTheFeds ^[7]) and connect with us on Facebook ^[8].

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URL to article: http://www.cato-at-liberty.org/this-week-in-government-failure-68/

URLs in this post:

[1] Downsizing the Federal Government: http://www.downsizinggovernment.org/

[2] National Labor Relations Board’s: http://www.downsizinggovernment.org/abolish-nlrb-and-nlra

[3] Economic Development Administration: http://www.downsizinggovernment.org/oberstar-comes-edas-defense

[4] Congressional Budget Office’s latest long-term budget forecast: http://www.downsizinggovernment.org/cbos-long-term-budget-outlook

[5] historic increases in spending: http://www.downsizinggovernment.org/cbo-report-reveals-spending-disaster

[6] federally backed loan to a pizza shop: http://www.downsizinggovernment.org/sen-scott-brown-sba-and-discrimination

[7] @DownsizeTheFeds: http://twitter.com/DownsizeTheFeds

[8] on Facebook: http://www.facebook.com/pages/Downsizing-the-Federal-Government/26635669039

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