Small government costs more in long run
To the editor:
Big government may raise taxes, but it costs less; and smaller government may keep taxes down, but it costs more. Smaller government is penny wise and dollar foolish.
When government agencies aren’t adequately funded or properly staffed, they can’t do the job for which they were created. The Internal Revenue Service and the Securities and Exchange Commission are just two examples.
When there is a Republican president, the IRS is inadequately funded and understaffed. Fewer audits are performed with less tax collected, and the audits are done on those with lower and modest incomes, not on the wealthy.
The SEC during the Bush II administration operated on a bare bones budget and was staffed by incompetent bureaucrats and political hacks. As a result, Wall Street collapsed and the stock market crashed.
Does a $700 billion bailout of Wall Street by President Bush ring a bell? This was followed by an $800 billion stimulus by President Obama. Both actions increased the national debt.
When combined, the bailout and the stimulus cost taxpayers $1.5 trillion because of a smaller government that didn’t save taxpayers one penny, but it cost a lot more dollars.
Government is a service, not a business. Successful businessmen wouldn’t consider operating a private enterprise the same way the smaller government is operated because they know that it would cost more in the long run.
David L. Faust