Monday, February 09, 2009

Washington’s Future Billionaires Need Salary Cap

Bloomberg reports:
If there is one thing we have learned in this recent debacle, it is that bad things we can imagine have a nasty habit of happening. Letting Washington bureaucrats hand out billions of dollars is a recipe for disaster.

It is not uncommon for politicians in the former Soviet Union to miraculously become billionaires. If salaries of departing government workers are not capped, the same may end up being true here.
A very good one.