Over at Downsizing the Federal Government, we focused on the following issues this past week:
- On the National Labor Relations Board’s recent meddling: The idea that a small regulatory board in D.C. should try to centrally plan $1 billion of private business investment is crackers.
- After finally being booted from office in November, ex‐Rep. Jim Oberstar reemerges to voice his support for reauthorizing the Economic Development Administration. The EDA should be booted too.
- The numbers in the Congressional Budget Office’s latest long‐term budget forecast are new but the message is the same: the budget is on an unsustainable path.
- The CBO’s projections show that the long‐term debt problem is not a balanced one—it is caused by historic increases in spending, not shortages of revenues.
- It’s a sad commentary on the size and scope of the federal government that I would get into an argument with a senator—a Republican, no less—over a federally backed loan to a pizza shop.