Downsizing Blog
Perhaps the “New” Farm Bill Wouldn’t Be So “New” After All
It appears that I spoke too soon. According to a news article from Chris Clayton, one of America’s best agriculture reporters, the new House farm bill, due to be voted on today, will not necessarily be the gift to reformers I thought it might. The key paragraph of Chris’s story:
Economic Development Administration Goes ‘Rambo’ on Itself
There exists in the Department of Commerce an irrelevant Great Society relic called the Economic Development Administration. With a relatively small budget of around $400 million, the EDA acts as a slush fund for Congress to shovel subsidies to their districts for projects that should be funded locally or privately.
Breaking: The (Possible) End of the Agri-Nutritional Complex
The Roll Call blog has just broken news that the GOP House leadership has decided to drop food stamps from the farm bill, in an attempt to get the farm subsidies passed by the House, presumably with Republican votes alone. Nutrition is quite an “appendage” to jettison, by the way: it usually accounts for about 80 percent of all “farm bill” spending. Here’s a great infographic on food stamp usage from the Wall Street Journal online.
The Smart Way to Cut Pentagon Spending
Former Undersecretary of Defense for Policy Michele Flournoy has an op-ed at the Wall Street Journal this morning (may be pay walled) that calls for cutting the Pentagon’s bloated budget in a smart way, one that doesn’t hit training and readiness as hard as across-the-board cuts. She chooses to focus on reforming how the Pentagon procures goods and services, but that isn’t the only way to cut spending without undermining the nation’s security.
Public Projects Carelessly Managed
On a drive back from a visit to Monticello yesterday, I listened to Jon Meacham’s biography of Thomas Jefferson. In 1784 Jefferson was interested in a project to improve trade routes to the West from the Potomac River. In a March 15 letter to George Washington, he wondered whether it might be a (state) government-supported project, but admitted one problem with that idea:
Yearning For A Sovereign
The Fourth of July is again upon us — a day for gathering with friends and family to celebrate the birth of our country. We commemorate those brave colonists who, unified in their opposition to tyranny, fought against British oppression.
Delaying the Employer Mandate Requires Delaying All of Obamacare
The IRS has announced it will postpone the start date of Obamacare’s “employer mandate” from 2014 to 2015. Most of the reaction has focused on how this move is an implicit acknowledgement that Obamacare is harmful, cannot work, and will prove a liability for Democrats going into the November 2014 elections.
Labor Unions Against the Public Interest
The folly of monopoly unionism (“collective bargaining”) in government is most evident when labor unions strike. Hundreds of thousands of San Francisco area residents are currently having their lives disrupted by union actions against the Bay Area Rapid Transit (BART) system. BART’s unions want higher wages:
Subsidized Student Loans: 6.8 Day is Here!
Washington hasn’t passed a new law to avert it, so today’s the day that all of higher education has, it seems, been dreading: The day that interest rates on subsidized federal student loans double, going from 3.4 percent to 6.8 percent.
WSJ Sets a Litmus Test for Corporate Welfare
The Wall Street Journal has a largely terrific editorial today on the wasteful, inefficient, distortionary and unconstitutional Ex-Im Bank. I say “largely” because the editorial is rather meek in its recommendations, calling for “more oversight” and “limits” on the bank’s operations, rather than outright disbandment. But it’s a start, and might lend some momentum to legislative efforts to terminate the bank entirely.