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November 22, 2006
World's worst pork
In contrast to my yummy earlier post on Wagyu beef, a new report from Heritage Foundation details the yucky mounds pork in this year's federal budget. Money passage: Giving lawmakers their own pot of taxpayer dollars to distribute as they wish invites corruption. Not surprisingly, the media has been saturated with stories of lawmakers earmarking federal grants to projects directly benefiting campaign contributors, friends, relatives, and even themselves. The report lists the top 100+ pork projects still in the FY2007 budget (as of 11-15-06). My favorite: $1,000,000 for Mormon cricket and grasshopper activities in Utah. What the...? Spotlighting this stuff helps, of course. But policymakers respond more to incentives fundamentally shaped by institutions. Because the U.S. system is geographically based with single representative districts, each legislator has a strong incentive to advance budget items that impart benefits on their home district while imposing the costs on the general tax fund. In this system, logrolling, omnibus bills, and more recently earmarks, enable policies that would otherwise fail if voted on individually. The institutional structure—not bad politicians—is the root cause of economically inefficient policies such as pork barrel spending. In order to achieve fewer bad policies, public choice analysis would suggest divorcing representation from geography. Happy earmarking. Posted by Edward J. Lopez at 08:15 PM in Politics
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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