Reexamination Needed

Thanks to EconLog for this post discussing how D.C.-area suburbs have grown in wealth from 2000-2007. Still think all that new government spending is going where it's intended? Yeah, right.

The government takes your money in the form of taxes, spends it, and then can't even account for the expenditures of your money. In the private sector, that's called theft.

Even with the change coming on Tuesday, this is unlikely to fall under the net Obama intends on casting. More government money is going to be spent and accounting for that money is going to be tough. Furthermore, no amount of policing can change the misuse of government funding.