The Senate is considering legislation to revive the emergency unemployment insurance program. These federally funded benefits were in place from mid-2008 to the end of 2013.
Federal policymakers like to spend money helping people in need, but there are large and less visible costs to such welfare legislation. Here are some reasons why new UI spending is not a good idea:
The government can’t seem to do anything right! It can’t even streamline activities to cut costs without creating egregious cost overruns.
If, like me, you’re a Pennsylvanian who wants a smaller federal government, you’ve probably been scratching your head at Rick Santorum’s success in the Republican primaries. An article in today’s Washington Times on the former Pennsylvania senator’s lack of popularity in the Keystone State is instructive.
One reason to shift infrastructure financing to the private sector is that governments and their contractors often give taxpayers the shaft. They say a big project will cost a certain amount, but then the project gets underway and they reveal that—whoops!—the project actually costs much more. No one gets fired, the money has been spent, taxes and debt have been increased, and officials move onto the next boondoggle.
A new report from the Government Accountability Office finds that the National Archives and Records Administration’s Electronic Records Archive project is headed for major cost overruns. Initiated in 2001, the project was originally projected to cost $745 million but could end up costing $1.4 billion. The project’s development phase was supposed to be completed by September, but the GAO estimates that it won’t be completed until 2017.
That’s the question posed by the Orlando Sentinel’s Robert Block in an article comparing NASA with SpaceX, which is a private space transport company: