Terminate the Small Business Administration | Tad DeHaven | Cato Institute: Commentary

Terminate the Small Business Administration | Tad DeHaven | Cato Institute: Commentary: The SBA does this by guaranteeing loans issued by private lenders for up to 85 percent of losses in the event that loan recipients default. As a result of the guarantee, lenders are more willing to lend money to riskier applicants because the SBA -- and thus taxpayers -- is ultimately responsible for the bulk of any losses.

Never mind that surveys of small-businesses owners consistently show that taxes and regulations are their biggest problems while financing polls in the single digits.