The reason I so love paying taxes is because the government is more efficient than I am in finding ways to properly spend the money. And they always make sure that there is a significant portion set aside to appoint a commission of not less than 10-15 people to oversee the distribution of those dollars. Of course the fifteen person oversight commissioners cannot do an adequate job without each having a staff of at least five persons to handle the important back office work.
This is the way the government makes sure that the unemployment rates stay in check. They suck the money out of the pockets of the hard working and industrious to employ more people in the government. It is counter productive to free enterprise where the businesses and individuals are responsible for their own well-being, but that’s the way big government works.
Let’s take for instance the auto industry. There will be ten commissioners plus their staff (at an average of $50,000/yr.) will take approximately $2.5 million out of the Pork Barrel Spending Bill. That’s about a 15% administrative overhead on the monies allocated to the industry so far. Sure it puts people to work and gives them some money to spend within the economy, but taxes have to be raised in order to pay them. Government grows and “We the People” lose.
If we simply allowed the auto manufacturers to declare bankruptcy and restructure their business models, making them more competitive in today’s market we would have better products at a lower cost. There would be no government interference or costs to the public. As it is, what we’ll get out of it is more of the same; mediocre product at a higher cost per feature than imports. Some of the laid-off workers will be re-employed, at least for a short time. Then GM and Chrysler will falter and finally throw in the towel declaring bankruptcy after enjoying +/- 50 billion of our dollars.
Ford, on the other hand, chose to do their restructuring without the government meddling and tinkering with their company to the point that they go belly up. I’m not big on Ford, their politics, their philosophy or their products, but I do have to commend the upper echelon for their decision. I can only hope that more companies and individuals ‘bite the bullet’, return their outstretched hands to their own pockets and assume some personal responsibility.