The gov't disease: Too big to do much well

[b2r]

George F. Will
It takes a worried man to sing a worried song, and in a recent speech that seemed like Larry Summers' swan song, the president's departed economic adviser warned that America is "at risk of a profound demoralization with respect to government." He fears a future in which "an inadequately resourced government performs badly, leading to further demands that it be cut back, exacerbating performance problems, deepening the backlash and creating a vicious cycle."

The idea that America's problem of governance is one of inadequate resources misses this lesson of the last half-century: No amount of resources can prevent government from performing poorly when it tries to perform too many tasks, or particular tasks for which it is inherently unsuited.

Actually, government is not sufficiently demoralized. The hubris that is the occupational hazard and defining trait of the political class continues to cause government to overpromise and underperform.



Read more: www.nypost.com/p/news/opinion/opedcolumnists/the_gov_disease_Y4u8kGvQRvb7LxBavZmqOM#ixzz1BbvuVVuT

[b2r]

The late Robert Lefevre is said to have alleged that "government is a disease masquerading as its own cure."

[workpublic]

spot on.

[rockon]

And I think that is why so many are concerned about the government getting more involved with their health care. They don't have a very good track record on efficiencies.

[BeenThere...DoneThat...]

...not to mention the general frustration of the working classes watching entitlement programs provide for families better than working extra jobs, and wanting to comiserate...

[b2r]

World needs $100 trillion more credit, says World Economic Forum

The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to the World Economic Forum. This doubling of existing credit levels could be achieved without increasing the risk of a major crisis, said the report from the WEF ahead of its high-profile annual meeting in Davos

Read more: www.businessinsider.com/world-economic-forum-100-trillion-credit-2011-1#ixzz1BgSx14x6

[burnsattornincan]

World needs $100 trillion more credit, says World Economic Forum

What the world really needs is about 2-3 billion less people.