"I am sympathetic to people wanting to shove their kids out the door," joked Katherine Mangu-Ward, "but Head Start, our pilot program for universal preschool, has a not-great record. We spend $8 billion to get very, very little in terms of results. ... We suck at education."
Well, government does.
Michael C. Moynihan was disappointed that President Obama's speech contained no talk of significant reform of Social Security and Medicare. "Even in this sort of dire circumstance: no change whatsoever."
Both parties are guilty of avoiding our "dire circumstance," said Moynihan. "There was a big announcement in 2011 -- $300, $400 billion in spending would be cut, (but) this was a mirage, there were no spending cuts. ... (What) cuts in Washington mean is that you reduce the rate of increase a little."
Instead of letting obsolete government programs die, bureaucrats come up with new excuses to keep spending. "Like the Rural Electrification Administration," said Murdock. "That was put in by FDR to bring power to Appalachia. (Now) they put in broadband Internet."
The Washington Post reports on a federally supported program that is so bad that even President Obama wants it cut. The Christopher Columbus Fellowship spent 80 percent of its money on overhead. Three Republicans introduced legislation to end it, but the subsidy lives on, because one senator, Thad Cochran, R-Miss., likes it.
So America continues to move toward bankruptcy. Instead of addressing that, the politicians will spend more.
Instead of announcing 15 new "manufacturing" hubs, the president should just announce 300 million "do whatever you want with your own money" hubs. Then American citizens can do as they please.
That would actually do some good.
Losing Jobs Over Ex-Im’s Expiration? Don’t Believe ItLosing Jobs Over Ex-Im’s Expiration? Don’t Believe It | Ed Feulner