December 12, 2009


Someone who works in DC on budgeting writes:

Again, this is Congress's *most important function*, and they can't even do this right.  They act surprised by it every year, even though they've been doing it since 1788 or thereabouts.

Read the whole thing.

Posted by: Sarah at 09:19 AM | Comments (2) | Add Comment
Post contains 45 words, total size 1 kb.

1 What's the opposite of progress? Congress. 

Posted by: David Boxenhorn at December 13, 2009 08:06 AM (6QcMn)

2 David, the best humor is the most truthful.

If approving a federal budget is Congress' "most important function", shouldn't taxpayers demand that Congresspeople have economic expertise? Almost half of Congress consists of lawyers. Understandable, since lawyers by definition are legal experts, and Congress makes laws. But how many Congresspeople have expertise in both economics and law? What does expertise mean?

I define expertise very broadly as simply knowing specific inputs that produce certain outputs. That is, if you do X, Y will happen.

The world is one gigantic economics lab. Has Congress studied it? Do they understand what Y will result from X? What if X is a 2,000-page health care bill? What if the input is so massive that it is beyond human comprehension? This is the danger of socialism. Incomprehensible input times elite decisions in the name of the people equals disaster. Capitalism empowers the individual to make decisions based on smaller amounts of data that he can understand. There will always be error, so we must aim for error reduction, not error magnification. The state is the ultimate error multiplier.

Posted by: Amritas at December 13, 2009 06:03 PM (dWG01)

Hide Comments | Add Comment

Comments are disabled. Post is locked.
42kb generated in CPU 0.1024, elapsed 0.1666 seconds.
48 queries taking 0.1526 seconds, 171 records returned.
Powered by Minx 1.1.6c-pink.