CPR: An earlier edition of this column focused on government waste due to gross mismanagement and fraud on the part of California state and local governments.
The argument then, as it is now, is that elected representatives should be spending much more of their time and energy on oversight of existing programs, rather than posture for a photo op or press release announcing a “new” program that, in all likelihood, is redundant with a dozen or more existing programs covering the same subject matter.
The problem, of course, is that elected officials and bureaucrats have no incentive to be cautious regarding how they spend our tax dollars. Here, the observations of Nobel winning economist Milton Friedman are instructive. He noted that there are four ways people can spend money:
#4 You can spend somebody else’s money for somebody else. (Where you care less both about how much you spend and what you buy).
This appears to become far more likely when you are getting bribes and kickbacks, on top of not caring at all.
Maybe we should stop putting sociopaths and psychopaths in elected office?