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CNBC asks: Which agencies are worth cutting? (Video)

By Ed O'Keefe












The Eye's ... eyes... caught an interesting CNBC debate on Monday between Matt Welch, Reason magazine editor-in-chief; Mark Walsh, "Left Jab" co-host; and the "Power Lunch" crew about federal agencies the government should consider trimming.

Watch above and then leave your thoughts in the comments section below.

By Ed O'Keefe  | March 1, 2010; 6:58 PM ET
Categories:  Agencies and Departments, Video Report  
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Comments

They missed the point, if you are asking what needs to be cut.

The fed budget is all medicare, defense, VA and Soc. Security. That's not to say the other money doesn't count, but only that we're really not going to make headway on deficits without looking at some big ticket items.

Health care is the right place to look. However, it seems both parties have been captured (basically every R, and enough D's) to prevent any real solution. Corporations just run everything today, and they are making boatloads on our current HC system.

As for the failure of regulators... They don't succeed because they don't want to. They've been staffed by folks looking to cash in later, not serious people. Energy was regulated by an enron guy. The head of a business ethics panel was the biggest corporate fraudster ever...

Someone once said that it's hard to get someone to understand something when his pay depends on him not understanding it. And, right now the bigger paychecks aren't coming from civil service, but the spoils for screwing up the civil service functions.

Posted by: rat-raceparent | March 2, 2010 12:30 AM | Report abuse

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