Superconducting magnetic levitation is the “next generation of transportation,” says a new rail advocacy group that calls itself The Northeast Maglev (TNEM). The group’s proposed New York-Washington maglev line has received attention from the Washington Post and Baltimore Sun. TNEM’s claims might have seemed valid 80 years ago, when maglev trains were first conceived, but today maglev is just one more superexpensive technology that can’t compete with what we already have.
At the end of the children’s nursery rhyme, “all the king’s horses and all the king’s men, couldn’t put Humpty Dumpty together again.” That’s the lesson Americans should bear in mind as we witness the implosion of ObamaCare — sometimes, once something is broken, no amount of effort can fix it.
A new GAO report recommends that Congress end the SPOT program, which attempts to catch terrorists by suspicious behaviors they may exhibit at airport checkpoints. The Transportation Security Administration currently spends more than $200 million a year on the Screening of Passengers by Observation Techniques program, even though there has been criticism from the start that there is no solid science behind it.
One story after another emerges about dysfunctional federal programs plagued by waste, fraud, and abuse. The core problem is that the government has grown so large that trying to make it function with efficiency and soundness has become impossible.
House and Senate budget negotiators, led by Rep. Paul Ryan and Sen. Patty Murray, have been meeting to find ways to trim spending and solve the federal budget mess. Many pundits are giving them low odds at agreeing to major reforms.
If we did a poll of free market economists about federal programs that are the most wasteful and ridiculous, energy subsidies would be near the top of the list. It’s not just that energy subsidies make no sense in economic theory, but also that there are so many news stories highlighting the folly that it’s hard to see why policymakers persist in wasting our money.
One of the many problems with Big Government is that it abuses our privacy. The potential for abuse has been greatly heightened in the information age. The problem is not just that government officials themselves can abuse the vast troves of data that they collect, but that thieves, hackers, organized crime, and other private actors can gain access as well.
House and Senate negotiators are working out details of a big farm bill that may pass this year. No industry in America is as coddled as farming, and no industry is as centrally planned from Washington. The federal sugar program is perhaps the most Soviet of all. Here’s a sketch of the sugar program, which the supposedly conservative, tea party-dominated lower chamber may soon ratify:
People shouldn’t be surprised about the botched roll-out of Obamacare and all the damaging effects of the law that are now generating headlines. Over the decades, federal efforts to subsidize and manipulate the economy have failed over and over again.
“The basic dilemma of the welfare state … is that the more generous the benefits, the greater will be not only the tax distortions but also, because of moral hazard and benefit cheating, the number of beneficiaries. This is a field where Say’s Law certainly holds in the long run: the supply of benefits creates its own demand…”