Trump Budget Has Some Good Cuts
Back in the 1950’s, a British professor at the distinguished University of Malaya, C. Northcote Parkinson, observed that as the post-war Royal Navy shrank in size, its bureaucracy continued to expand. Parkinson formulated a law that bureaucracies will naturally grow at 5-7% per annum. He also wisely added ‘Make the people sovereign and the poor will use the machinery of government to dispossess the rich.’ All bureaucracies, public and private, must be periodically forced on a diet. US President Donald Trump is, as promised, taking an axe to Washington’s dense bureaucratic undergrowth. He claims the cuts will save $2.5 trillion … Continue reading →
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