Monday, February 28, 2011
Billions of Bloat Uncovered in Beltway
A recent study, intended to be released Tuesday, uncovered about 80 government programs that seem to overlap and are costing American tax payers billions of dollars each year. The hope is to consolidate several of these programs to reduce the government budget. This highlights one of the ways that the government fails to effectively allocate resources. The government is trying to use these programs to help the homeless and promote economic development but they are misallocating tax payer money.
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6 comments:
This affirms the argument that command economies are unable to have full information. For these programs, one hand of the government doesn't even know what the other hand is doing. The government does not have very much incentive to streamline like market-based enterprises. These stories about government inefficiencies make the American people lose trust in the government's abilities.
i agree this just goes to show that our government is not operating at its full efficiency and that isn't helping our national deficit problem. if the government is going to make the budget cuts necessary to fix our debt problem then organization should be the first step along with cutting programs that are not necessary.
It's about time that the government is finding ways to save money. This is a great way to consolidate money to help save and pay for other programs. But the government has to be kidding...they should be searching and looking for money that could be used in the correct fashion. This probably means that there is a lot of money that could be used or is being used in the wrong manner.
This clearly shows the government does not allocate money efficiently. The lack of full information and the large amount of government programs makes it impossible for tax payers' money to be put to good use.
With all of the people above agreed with the government not allocating the money efficiently with these broken programs. But the reality is, some of the government officials can be corrupted through special interest groups, lobbyists, and personal favors etc. That's probably one of the reasons why some of the money allocated were incredibly inefficient.
Corruption seems to be a problem as long as humans are involved in the government. There is no way to completely eliminate corruption but the government should try to keep it as low as possible.
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