By: Mark Hyman
Anyone who suggests Congress and the White House must make tough spending choices hasn’t been paying attention.Â Government spends way too much money.Â And spends it poorly.
The Securities and Exchange Commission spent more thanÂ half a billion dollarsÂ on a 10-year lease for additional office space. It occupied only about a third; and admits it doesnâ€™t even need that space.Â Itâ€™s incurred another $94 million in expenses to lease the vacant space.
Toyotaâ€™s Prius Plug-in hybrid car – for sale next year -Â outperformsÂ government-owned GMâ€™s Volt by a wide margin.Â At $26,000 it costs 2/3 the price of the $41,000 Volt.
A pair of Navy oil tankers built at a cost of more than $300 million, never finished, and never used are beingÂ cut-upÂ for scrap.Â And the U.S. gets nothing from the salvage.
The National Institutes of Health spent $9.4 million onÂ penis-size researchÂ including one study on penis size of homosexuals.
$47 million from the Stimulus Bill wasÂ spentÂ to wire seven homes in Montana with broadband service.
Government also wastes money on stupid regulations.
It is time to starve the beast on the Potomac.
All branches – including the Pentagon – should have spending drastically cut.
Mark Hyman hosts "Behind the Headlines," a commentary program for Sinclair Broadcast Group.