The Seven Rules of Bureaucracy - Loyd S. Pettegrew - Mises Daily

The Seven Rules of Bureaucracy - Loyd S. Pettegrew - Mises Daily: 'US Census figures show that in 1964, the year this "war" began, the poverty rate was 15 percent and in 2010 it was 15.1 percent. Any fifth-grader can see that there hasn't been much progress on the poverty front, especially given the trillions of dollars spent since then. Not surprisingly, once started, most of these programs have never gone away and demand an ever-increasing amount of taxpayer dollars.'

'Unemployment data from the Bureau of Labor Statistics (2012) do not include retirees reentering the workforce, new college graduates looking for a job, nondeployed military personnel, or people who have been out of work for five months or more. It is instructive that the Department of Labor's little-known measure of unemployment, U-6, is ignored by the president, Congress, and the media in favor of the rate presented monthly. The U-6 unemployment rate is currently 16 percent.'

'In the House of Representatives on June 25, 2007, Congressman Frank stated,

We have, I think, an excessive degree of concern right now about home ownership and its role in the economy. Obviously speculation is never a good thing. But those who argue that housing prices are now at the point of a bubble seem to me to be missing a very important point. Unlike previous examples we have had where substantial excessive inflation of prices later caused some problems, we are talking here about an entity, home ownership, homes, where there is not the degree of leverage that we have seen elsewhere. This is not the dot com situation.… Homes that are occupied may see an ebb and flow in the price at a certain percentage level but you're not going to see a collapse that you see when people talk about a bubble. So those of us on our committee in particular will continue to push toward home ownership.'

'Send all newly elected officials to the state capitol or Washington with the specific goal to reduce legislation. America's bureaucracies have forgotten that resources are scarce, and most legislation builds bigger government and demands more tax dollars.'