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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.