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The Online Home of Author and Investor, Dick Young

Notes from Babylon

By

Ed Crane

Cato Institute President Emeritus, Ed Crane

In the August issue of The Crane Report, our friend Ed Crane, founder and president emeritus of the Cato Institute, focuses on Washington’s “growing bureaucratic disdain for the American people.”

Touching also on the shenanigans in Congress this summer, Ed writes,

Raise your hand if you think the Veteran’s Affairs scandal/fiasco is due to a lack of money. I don’t think so. But screw up enough in government and you’re sure to get more money. (It’s one of the things that separates it from the private sector.) So one of the last things Congress did prior to charging off to a five-week vacation was to authorize $17 billion in new spending for the VA. That should do the trick…

As Senator Tom Coburn, one of the few senators who did not vote to authorize new spending, notes, “Ultimately, the VA suffers from the same problem as Congress: too much money and not enough leadership.” Read more here in Sticking It to Veterans and Taxpayers.

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Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.