- This financing of foreigners puts American businesses who buy from American businesses at a disadvantage. For example, if Delta wants to buy jets from Boeing, both American businesses, Delta can get no help from the Export-Import Bank. But if a foreign airline wants to buy from Boeing, it can get cheap financing from the Bank, via the American taxpayer, disadvantaging an American company, Delta, in the marketplace.
- If these low cost loans go bad, it is the taxpayer left holding the bag. Shouldn’t businesses like Boeing use shareholder value to finance the purchase of its jets and its risk, not the taxpayer?
- And finally, depending on how you do the measurement, the overwhelming portion of loans from the bank go to huge American businesses and the overwhelming portion of those loans actually do go towards purchases of Boeing products. This is not a program that does a lot of good for small/medium size businesses.
Just another wasteful, crony infested political class program.
- The base was built despite the fact that field generals said it was not needed and would be a waste of money.
- The Special Inspector General for Afghanistan Reconstruction (SIGAR) found “$36 million in U.S. taxpayer funds was spent on a building the U.S. never used.”
- The request for the base was made in January, 2010 but by spring of 2010, just a few months later, Major General Richard Mills sent an informal letter to the deputy commanding general of the U.S. Forces Afghanistan. Mills found that the $36 million building and five other proposed projects were “not necessary” because “the need was already met via other means.”
- Two similar memos requesting the cancellation of the facility were sent on June 22, just five months after the funding for the base was requested, but were obviously ignored.
- Requests to stop construction of the base once construction started, since it was still deemed unnecessary, were also ignored.
- Senator Claire McCaskill, a Democrat who serves on the Permanent Subcommittee of Investigations, stated that the base was “one of the most outrageous, deliberate, and wasteful misuses of taxpayer dollars in Afghanistan we’ve ever seen.”
- Other Washington Congressional people also chimed in with their disgust of the wasteful spending, but of course took no responsibility for the fact that they are supposed to be protecting American taxpayer dollars BEFORE they are wasted, not be outraged AFTER they are wasted.
Makes you wonder how many military veterans could have finally gotten the medical support they neede and were promised if that wasted $36 million went towards their needs and not the wasteland of Afghanistan?
3) Ten Thousand Commandments is an annual survey conducted by the Competitive Enterprise Institute. It estimates the size, the scope and the cost of Federal regulations on American consumers, businesses, and the U.S. economy. It is a problem that continues to grow by leaps and bounds regardless of which party is in charge, placing undo strain and bureaucratic red tape in the way of Americans and businesses.
- Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices.
- If U.S. federal regulation was a country, the $1.88 trillion would be the world’s 10th largest economy, ranking behind Russia and ahead of India.
- Economy-wide regulatory costs amount to an average of $14,976 per household – around 29 percent of an average family budget of $51,100. Although not paid directly by individuals, this “cost” of regulation exceeds the amount an average family spends on health care, food and transportation.
- The “Unconstitutionality Index” is the ratio of regulations issued by unelected agency officials compared to legislation enacted by Congress in a given year. In 2014, agencies issued 16 new regulations for every law—that’s 3,554 new regulations compared to 224 new laws.
- Many Americans complain about taxes, but regulatory compliance costs exceed what the IRS is expected to collect in both individual and corporate income taxes for last year—by more than $160 billion.
- Some 60 federal departments, agencies and commissions have 3,415 regulations in development at various stages in the pipeline. The top six federal rulemaking agencies account for 48 percent of all federal regulations. These are the Departments of the Treasury, Commerce, Interior, Health and Human Services and Transportation and the Environmental Protection Agency.
- The 2014 Federal Register contains 77,687 pages, the sixth highest page count in its history. Among the six all-time-high Federal Register total page counts, five occurred under President Obama.
- The George W. Bush administration averaged 62 major regulations annually over eight years, while the Obama administration has averaged 81 major regulations annually over six years.
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