This Week in Government Failure

Over at Downsizing Government, we focused on the following issues this week:

  • For its final report, Obama’s fiscal commission’s staff might look to Clinton’s budgets for guidance.
  • The U.S. Postal Service announces a net loss of $8.5 billion for fiscal 2010.
  • A new Cato policy analysis eviscerates the “one industry [that] has unquestionably been socialistic for decades: urban transit.”
  • Benjamin Franklin wrote that “in this world nothing can be said to be certain, except death and taxes.” Were he alive today, Franklin might add to the list corruption in federal housing programs.
  • The president who has brought us regime uncertainty, more regulations, more government intrusion into the economy, more debt, and is proposing to raise taxes on productive businesses and individuals wants to celebrate National Entrepreneurs’ Day?