Money for Nothing and Your Economy Cut Free
This is interesting (subscription needed):
You don’t have to be a scholar to know that congressional chairmen bring home the pork. But researchers at Harvard Business School, working with decades’ worth of data, put a number on it: Earmarked spending targeted at a specific state increases by about 40 percent when one of that state’s senators becomes chairman of one of the major committees, such as appropriations, and by about 20 percent when one of its representatives heads such a committee in the House. The surprise twist: The economy chokes on all that pork. Rather than thriving on the injections of federal cash, local businesses actually retrench.
Government money helps the government and hurts its private-sector competition for funds and for employees. The full report is available online as a PDF.