And So I Go: Yesterday, Today and Tomorrow

Posted on: May 2, 2011

Just a few little factoids from Cato to get your week off to a good start.  BB

This Week in Government Failure

Posted by Tad DeHaven

Over at Downsizing the Federal Government, we focused on the following issues this week:

  • A lot of Americans are aware that their tax dollars subsidize cotton farmers. However, it’s unlikely that many Americans are aware that their tax dollars are now supporting cotton farmers in Brazil( So why not!?  We are now also subsidizing the oil drilling industry in Brazil and building oil refineries in Venezuela.  This while oil drilling in the United States has been brought to a slamming halt even tho Obama tells us every time the topic comes up that drilling permits are being handed out (all of one this year so far).  As for oil refineries not a one is being built but 15 ethanol  refineries are going up near Chicago!  BB)
  • Chris Edwards released an updated version of his Plan to Cut Spending and Balance the Federal Budget. No sacred cows are spared. Defense, domestic, and so-called entitlement programs are all cut.  (Our Old Dog Republicans in the House are talking a good game but the so-called “cuts” they are making only sound good on paper and not in real life.  The Education department which is one of the most useless of federal programs is spending $70 billion this year but the Republicans could only cut less than $1 billion.  BB)
  • The good news in a new Deloitte survey of members of the U.S. business community is that optimism is on the rise. The bad news is that the heavy hand of government is still a dark cloud hovering over the recovery.  (The culprit is the  Dodd-Frank Bill that was 800+ pages long and so far the regulations to make this bill stick are 3500 pages long.  That is 7  copies of War and Peace.  I got bogged down in that novel but would rather have 10 of War and Peace to one of Dodd-Frank!  The House has 5 bills now pending to delete or curb portions of Dodd-Frank but not to expect much from the House or Senate until the Old Dogs are removed.,  BB)
  • In her budgets, in her speeches, and in her strategic plans, Secretary of Labor Hilda Solis says that her “vision” for federal action is “Good Jobs for Everyone!”
  • Some good news for once: President Obama’s dream of connecting 80 percent of Americans to a high-speed rail line appears to be dead.  (State like New Jersey and Florida are refusing the money Thank Goodness!  BB)

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