In today’s Wall Street Journal, Stanford economics professor Edward Lazear provides an economist’s view of the California drought situation:
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Perhaps the most suspicious thing about the disappearance of Lois Lerner’s emails is that the IRS is not a small business operation that cannot afford high-quality computer, email, and backup systems. It is a huge modern bureaucracy that has computer technology at the core of its operations. The IRS IT budget in 2014 is a massive $2.4 billion (page 149 here).
One of the policy fissures in the Republican Party is over business subsides, and the current debate about the Export-Import Bank illustrates the conflict. The Ex-Im Bank is one of many corporate welfare or crony capitalist programs that litter the federal budget. The Bank’s authorization runs out in September, and so Congress must act if it wants to extend the operations of this business subsidy machine.
A tragedy is unfolding in Texas as thousands of illegal immigrants are pouring over the southern border. Alex Nowrasteh has examined the immigration statistics here. But in this blog, let’s take a look at the budget situation.
Last week the Senate voted to greatly increase health care spending for veterans. If the new spending were made permanent, it would cost at least $385 billion over 10 years, as Nicole Kaeding noted. The House version of the bill would cost at least $477 billion if made permanent. The chambers will now work out a compromise bill, and—going out on a limb here—I’m guessing that the compromise is also a budget buster.
My mom recently handed me a large bag of stamps she had collected as a child. There are thousands of stamps from about 100 countries, most from the 1910s to the 1950s. It’s a treasure trove.
An implicit principle in a democracy is that the officials who decide how your taxes are spent represent you, the taxpayers, and not the bureaucracies that receive your taxes. But Congress violated this principle when it wrote MAP-21, the 2012 transportation law. As detailed in a proposed rule earlier this month, the law gives transit agencies in major urban areas a vote on how much of each region’s transportation dollars are spent on transit.
The Senate voted 93-3 on Wednesday to expand health care spending for veterans. Under the Senate bill, veterans would be able to access health care services from facilities outside the Department of Veterans Affairs (VA) system.
The programs, regulations, and laws that define most federal activities are so numerous and complex that it strangles effective governance. The Department of Homeland Security (DHS) is no exception. During the Hurricane Katrina disaster, DHS officials were in a fog of confusion, overwhelmed by events and all the complicated emergency rules and procedures.