Tag: Regulatory Agencies
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Your incompetent federal overlords: IRS modernization project is 30 years behind and $15 Billion over budget
Sam Corcos, an adviser to the Department of Government Efficiency (DOGE), appeared on Fox News to discuss the IRS’s so-called modernization effort. This effort, to update the IRS’s ancient technology (it runs on 1960s mainframes programmed with COBOL and assembly language) is 30 years behind schedule and $15 billion over budget. Corcos points out that…
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Media Throws Tantrum on Tesla’s Taxes
Tesla had about in $7.1 billion in net income last year and paid almost nothing in taxes… so they say. The outrage machine kicked into high gear and it’s easy to think Elon Musk is ripping off the nation and taxpayers. The story, honestly, is less about Tesla dodging taxes and more about how most…
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Biden’s Housing Bubble Worse than Obama’s
Why didn’t we hear a peep about the massive housing bubble President Biden’s policies quietly inflated? The Federal Housing Administration (FHA) has been handing out guaranteed loans like candy, letting borrowers take on mortgages they can barely afford, often with debt-to-income ratios topping 43%, sometimes even 64% in recent years. It started with loosened underwriting…
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Congress Created the Imperial Presidency, Enjoy
Why does Congress even exist anymore? They’re supposed to write laws, not dodge them. But here’s the dirty secret: they’re too scared of losing elections to do their jobs. Take the FCC. Congress knows it can’t pass a law stomping on free speech. So they create an agency under the executive branch, hand it a…
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The federal government is 99.975% unelected
The next time you hear anyone rant that Elon Musk is not elected show them this chart (numbers provided by ChatGPT). There are only 542 elected federal officials. Here is the breakdown. That’s it. The rest are either appointed or hired. The argument is absurd and meant to reframe Musk’s efforts as beyond or above…
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I see the FCCs Net Neutrality rules as a back door to Internet licensing and content regulation
It’s my own personal conspiracy theory but if you stop and think about it for just a few minutes it will begin to make sense. Internet access in the United States is near ubiquitous. Almost everyone has access or can get access if they want. Investment and innovation has not slowed since the last round…