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fAcEtIOUs
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join:2002-03-03
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reply to fiberguy

Re: It's very simple when it comes to ETFs...

said by fiberguy:

.. or is government so bored with the fact the economy is in such great shape, jobs are everywhere, the world is at peace, and just everything in general is SOOOO great that competition between cellular carriers is such a necessity to spend more tax dollars on that we don't have in the first place.
All government agencies feel obligated to justify their existence by constantly asking businesses for information and also coming up with regulations and the staff needed to enforce the regulations.

The prime directive is that you must justify your budget and if at all possible increase it for the following year. And that is the problem when agencies(like the FCC) are created that don't have clearly elucidated directives on what their powers are and what they aren't.

When Congress creates these agencies they usually do so with vague rules about their powers, arguing that the agency must adapt over time and that writing a law that limits their powers means that Congress might have to rewrite the law again in a few years. But that allows a situation we now have - a bunch of bureaucrats that constantly increase the scope of their powers, leading of course to more staff and a bigger budget - the main goal of all bureaucrats.
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