It seems like every day I read about how government wastes money so I thought I would record them. Since I began this blog, I have been stunned by the amount of waste, fraud, and mismanagement I have found. I recognize that some government is necessary for any society to exist but without the "profit incentive" that we have in private enterprise, government continues to grow like a cancer and along with it the potential for abuse. If you ever needed a reason to limit government, just read some of the following posts.

Monday, April 30, 2012

Foreign Aid To China

China is one of the biggest economies in the world and grew at more than 9 percent over the last year. It also has loaned more than $1 trillion to the U.S. to fund its deficit-spending. But at the same time, the U.S. sends tens of millions of dollars in foreign aid to China.

"I think the Chinese are just laughing whenever they receive a check" said Dan Ikenson, a trade economist at the CATO Institute. "How silly this is of the United States to be subsidizing the faster-growing, second-largest economy in the world."
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