Every type of government spending causes harm by diverting resources from the productive sector.
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read more...Bureaucracies waste money.
read more...Two charts provide an easy answer.
read more...I agree with George Will that it’s okay to reduce Pentagon spending. After all, the United States accounts for almost one-half of the world’s military outlays, about twice as much as the combined total of possible enemies. But I also agree that national defense is one of the few legitimate functions of the federal government, […]
read more...I realize that national defense is one of the few legitimate functions of the federal government, but that doesn’t mean the Pentagon budget isn’t riddled with waste, fraud, and abuse. Here’s a jaw-dropping example reported by Bloomberg. A U.S. contractor in Iraq overbilled the Pentagon by at least $4.4 million for spare parts and equipment, […]
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