Avatar of admin

by

Memo to Congress: Don't Do Something, Just Stand There

May 22, 2015 in Economics

By David Boaz

David Boaz

Congress has a golden opportunity over the next six weeks to significantly improve public policy and expand American freedom by doing nothing. In fact, a long vacation would be just the ticket.

The Export-Import Bank’s authorization expires on June 30, after being kicked down the road from last September. Let it expire.

And the Patriot Act’s most controversial provisions — bulk collection of Americans’ phone records stemming from Section 215 (already ruled illegal by a federal court), roving wiretap authority, and “lone wolf” provisions — will expire on June 1 unless they are reauthorized.

A six-week vacation would give a boost to economic growth and our Fourth Amendment privacy rights. It’s a win-win.”

This is a great opportunity for Congress to take a long vacation — go back to their districts and find out what’s on voters’ minds, take a fact-finding trip to Paris and Rome, or just relax at the beach — and let these misguided laws expire.

Members should stay on vacation through the Fourth of July and come back to Washington after listening to some speeches about our inalienable rights, free enterprise, and the right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures.

The Ex-Im Bank is the most visible example of cronyism and corporate welfare, which has lately come under fire from both Tea Party and Occupy Wall Street activists. It has an especially close relationship with Boeing, which receives about 40 percent of the bank’s subsidies.

Free enterprise means that people are free to start and build companies, seek customers, and make profits if they succeed. The system works well if there’s competition. But subsidy programs like Ex-Im put a thumb on the scale. They help some companies at the expense of others. The bank backs only about 2 percent of American exports, with 76 percent of its assistance going to a few big companies such as Boeing, General Electric, and Bechtel. Government shouldn’t be picking winners, it should set a few rules of the road and let companies go out and compete vigorously for customers.

Members of Congress committed to free enterprise and competition should let the Ex-Im Bank die, no matter what the Chamber of Commerce and Sen. Elizabeth Warren (D-Mass.) say.

As for the Patriot Act provisions, we’ve heard plenty of dire warnings from advocates of the surveillance state. Sen. Mitch McConnell (R-Ky.) says vacuuming up …read more

Source: OP-EDS

Leave a reply

You must be logged in to post a comment.