A bigger bill means bigger government

This is really a bad sign.

Two Saturdays ago, it totaled just three pages — the White House’s request for $700 billion to rescue tottering financial institutions by buying their devalued mortgage-related assets.

After an intense weekend of negotiations, the draft of the bailout legislation before Congress had swelled to 42 pages.

The following Friday, after almost a week of marathon talks between Treasury Secretary Henry Paulson and key lawmakers in both parties, the working version was up to 102 pages. It went down to defeat Monday in the House, mostly at the hands of Republicans.

Once the Senate was finished adding sweeteners Wednesday to entice reluctant House Republicans to change their minds and vote for the bailout, the bill heading for passage had grown to 451 pages.

It was unclear whether it would expand still more as House leaders hunted for the votes needed to clear the bill.

The increased verbiage means more and more people had their hand in writing it which makes me think of the proverbial ‘too many chefs spoil the soup’ analogy.  What it does mean is more and more special interests signed on to put their imprimatur in the legislation which means government has to get bigger to oversee or regulate or play a part in the legislation which means it’s gonna’ cost the taxpayer probably a lot more than initial estimates. Big government working for us.  NOT!!

2 Responses to A bigger bill means bigger government

  1. jonolan says:

    This time is somewhat different. The new bail-out bill was grafted onto another existing Senate bill for the tax cuts – which include removal of the AMT for people making as little as 42K per year – so the additional length does not equate exactly to more special interests.

    It IS a case though of their once again crafting legislation that doesn’t address a single topic.

  2. miscellany101 says:

    Well this much of my prediction is true:

    “the legislation which means it’s gonna’ cost the taxpayer probably a lot more than initial estimates.”

    “An increase in Federal Deposit Insurance Corporation coverage of bank deposits, from $100,000 to $250,000, as well as extensions of popular tax credits and a freeze on the expansion of the Alternative Minimum Tax, all in an effort to coax more support from wavering GOP House members. The additions tacked on an extra $140 billion to the original $700 billion price tag.”

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