How to Swap the Obama Budget for an Optimistic Economic Growth Agenda - Forbes
How to Swap the Obama Budget for an Optimistic Economic Growth Agenda - Forbes
Here are some ways to do the fiscal year 2013 kickstart that the budget reneges on:
- Privatize: During the 1990s, proposals to spin off commercial components of federal labs to private industry, and to allow employee buyouts, were common. This, the opposite of the modern spending approach, needs congressional champions.
- Consider prizes rather than grants as one element of the transition to invigorated private funding.
- Roll back or avoid major new or contemplated industrial mandates, starting with net neutrality, health care’s decoupling from the voluntary sector, Internet privacy legislation, onerous cybersecurity mandates.
- Instead of over-funding and over-regulating critical infrastructure, liberalize networks like transportation, electricity, and telecommunications, and get spectrum out of the oversight of regulators so secondary markets can price, allocate and optimize it.
- Relax anti-consumer, predatory antitrust activism such as that against Google and the blockage of AT&T/T-Mobile. In constraining productive firms, antitrust corporate welfare hobbles industry sectors, deprives consumers of competitive counter-moves, and undermines wealth creation and R&D processes.
