The Unbridled Idiocy of Government Spending

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Think about it. How long would we survive if we spent our money over and over again on the same things at the same time? We’d be in the poor house — which is where Uncle Sam lives these days while acting as if he is living in a huge mansion and waited upon by his servants, the taxpayers.

This scandal is the result of an inexcusable inattention by the Congress, which in recent years has acted as if it had the power to spend money the U.S. doesn’t have, much of it on worthless programs, and passing the bill on to future generations.

Republicans won control of the House of Representatives in the 2010 Congressional elections by pledging to trim the government’s sails, seeking out wasteful programs and eliminating them. Republicans plan to cut a whopping $61 billion from the current fiscal year’s budget.

That should be just the beginning. The GAO report pinpoints the areas where some of the cutting can and should be done. The report shows Congress where a lot of the waste can be found, advising: “Reducing or eliminating duplication, overlap or fragmentation could potentially save billions of taxpayer dollars.

The duplication is staggering, with some 33 areas loaded down with what it calls “overlap and fragmentation” in the federal government, including 56 programs across 20 agencies that deal with something called “financial literacy,” whatever that is. There are more than 2,100 data centers — from only 432 a little more than a decade ago — among 24 federal agencies. The GAO says Uncle Sam could save up to $200 billion over the next 10 years simply through consolidation.

There are 20 programs among seven agencies that deal with homelessness. The GAO found $2.9 billion spent on the programs in 2009. “Congress is often to blame” for fragmentation, GAO wrote, explaining that potential participants often have access problems as a result of the duplication.

Moreover, there are 82 “distinct” teacher-quality programs in 10 different agencies, many having “duplicate sub-goals.” Nine of them address teacher quality in math, science and related areas. There are 15 agencies in charge of 30 food-related laws. “Some of the oversight doesn’t make any sense,” according to the report.

“…Doesn’t make any sense.” I couldn’t have said it better myself.

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  • RiverFred

    There should be an IQ test to run for office as most lack common sense. The latest discovery is that we are spending millions in taxpayer monies to refurbish Mosques around the world. The vast majority of these mosques are led by radical imams who preach death to America. How do you like Obozo's 'change.'

  • Abigail

    I hate Obozo's "change"! He is not even eligible to be president, and he's being allowed to stay in office by all the gutless wonders in Washington who are afraid to even mention the word, "eligibility" in connection with him. 'Just think, if we could get Obama declared ineligible, we would instantly be rid of everything he has done in office.

  • USMCSniper

    Under a gold standard, the amount of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government's promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the government welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created worthless paper reserves in the form of government bonds which-through a complex series of steps-the banks accept in place of real tangible assets and treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold. The holder of a government bond or of a bank deposit created by paper reserves believes that he has a valid claim on a real asset. But the fact is that there are now a massively more claims outstanding than real assets.