Best of the Week
Most Popular
1. Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - Nadeem_Walayat
2.Gold Price Focusing on May Cycle Bottom - Jim_Curry
3.Silver, silver, and silver! There’s More Than Silver, People! - P_Radomski_CFA
4.Is the Malaysian Economy a Potemkin Village - Sam_Chee_Kong
5.Stock Market Study Shows Why You Shouldn’t “Sell in May and Go Away” - Troy_Bombardia
6.A Big Stock Market Shock is About to Start - Martin C
7.A Long Term Gold Very Unpopular View - Rambus_Chartology
8.Stock Market “Sell in May and go away” Study When Stocks Are Down YTD - Troy_Bombardia
9.Global Currency RESET Challenge: Ultimate Twist - Jim_Willie_CB
10.The Coming Silver Supply Crunch Is Worse Than You Know - Jeff Clark
Last 7 days
New Tech To Revolutionize The Billion Dollar Marijuana Business - 28th May 18
A Recession Indicator for Independent Thinkers - 28th May 18
Economy Still Too Strong to Induce Stocks Bear Market Recession - 28th May 18
Theme Parks 2 Min Bar Hang Challenge - Normal vs Spinning / Rotating Bar - 28th May 18
Blackstone, BlackRock or a Public Bank for California’s Money? - 27th May 18
Stock Market Study: How Long After a 10%+ “Small Correction” to Make New Highs? - 27th May 18
Gold, US Stocks and Bonds - 26th May 18
Climate Change Canaries and Our Changing Climate - 26th May 18
Gold Junior Stocks GDXJ ETF Fundamentals - 26th May 18
What to Expect at a Critical Stock Market Point: End of a Wave 2 Rally - 25th May 18
Merlin Passes Top Tips for Buying and Using Premium vs Standard, Theme Parks UK - 25th May 18
Trump “Victories” on Trade are Anything But - 25th May 18
Crude Oil: It’s Here! - 25th May 18
Stock Market Distribution Pattern Revealed - 25th May 18
Stock Market Topping - Everything Looks Rosy at the End of a Trend! - 25th May 18
Trump Puts North Korea Nuclear WAR Back on Track as Plans for Nobel Peace Prize Evaporate - 25th May 18
Insane EU GDPR SCAM Triggers Mass Email Spam Attacks! - 24th May 18
Stock Market Higher Again, but Still No Breakout - 24th May 18
Study: Slowing Global Economic Growth IS NOT Bearish for U.S. Stocks - 24th May 18
What if This Week’s Rally in Gold is Already Over? - 24th May 18
EUR/USD – Reward for Bears - 24th May 18
5 Terrible Trading Mistakes That Rookie Investors Keep Making - 24th May 18
More Clarity for the Short Term for Bitcoin Price - 22nd May 18
Study: A Rising and Strong U.S. Dollar Isn’t Consistently Bearish for the Stock Market - 22nd May 18
Gold, Silver & US Dollar Updates with Review of Latest COTS - 22nd May 18
Upside DOW Stock Market Breakout May Be Just the Beginning - 22nd May 18
5 Reasons Why Forex Trading Is Becoming Such A Big Deal In SA - 22nd May 18
Fibonacci And Elliot Wave Predict Stock Market Breakout Highs - 21st May 18
Stock Market Ideal Cycle Low Near - 21st May 18
5 Effects Of Currency Fluctuations On The Economy - 21st May 18
Financial Conditions are Still too Easy for the Stocks Bull Market to End - 21st May 18
US Stock Market Elliott Wave Predictions for 2018 and Beyond - 20th May 18
Are You Still Fearful of Cryptos? - 20th May 18
US Stocks - Why I am Short-term Bearish, Medium-term Bullish - 20th May 18
Looking for a Turn in Gold Price - 20th May 18
GDX Gold Mining Stock Fundamentals 2018 - 19th May 18
Semiconductor Stock Market Canaries: Chirp, Warble… Soon a Croak and Silence? - 19th May 18
Three Drivers of Gold Price - 18th May 18
Gold Market in First Tertile of 2018 - 18th May 18

Market Oracle FREE Newsletter

Trading Lessons

Ron Paul On the Bloated Intelligence Bureaucracy

Politics / US Politics Jul 26, 2010 - 10:30 AM GMT

By: Dr_Ron_Paul

Politics

I have often spoken about the excessive size of government, and most recently how waste and inefficiency needs to be eliminated from our military budget. Our foreign policy is not only bankrupting us, but actively creating and antagonizing enemies of the United States, and compromising our national security. Spending more and adding more programs and initiatives does not improve things for us; it makes them much much worse. This applies to more than just the military budget.


Recently the Washington Post ran an extensive report by Dana Priest and William M. Arkin on the bloated intelligence community. They found that an estimated 854,000 people hold top-secret security clearances. Just what are all these people up to? By my calculation this is about 11,000 intelligence workers per al Qaeda member in Afghanistan. This also begs the question - if close to 1 million people are authorized to know top secrets, how closely guarded are these secrets?

They also found that since the September 11 attacks, some 17 million square feet of building space has been built or is being built to accommodate the 250 percent expansion of intelligence organizations. Intelligence work is now done by some 1,271 government organizations and 1,931 private contracting companies in about 10,000 locations in the United States.

The former Director of National Intelligence, Adm. Dennis Blair, has asserted that US intelligence now has the authority to target American citizens for assassination without charge or trial. How many of these resources are being devoted to spying on American citizens for nefarious reasons at home rather than targeting foreign enemies abroad?

It has been pointed out how much information we had about the impending attacks on 9/11, but because of layers upon layers of bureaucratic inefficiencies, our intelligence community was unable to act meaningfully on that information. Obviously we needed drastic change. But it was pretty clear that we did not need more bureaucracy, more confusion, more expenditures and more government.

It is even claimed by some leaders that the intelligence community has grown this way by design; that it is advantageous to have more than one set of eyes looking at the same information. With this logic, is there any number of intelligence employees at which we achieve diminishing returns? Can there ever be too many cooks in the kitchen, in their view?

Are there any problems at all that the government wouldn't attempt to solve by throwing more money at them? Even now, the government is trying to solve our economic problems related to too much government spending and debt, with more government spending and debt.

The problem with our intelligence community before 9/11 was not an inability to collect information. Therefore, the post-September 11 build-up of the surveillance state does nothing to enhance safety. Instead what Americans have gotten in return for the billions of tax dollars spent on security is a surveillance state that reads our e-mails, wiretaps us without warrants, and strip searches grandmothers at airports. This is yet another instance in which Americans would be safer, richer and freer if our government would simply look to the Constitution and respect the boundaries it has set.

Dr. Ron Paul
Project Freedom

Congressman Ron Paul of Texas enjoys a national reputation as the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is known among both his colleagues in Congress and his constituents for his consistent voting record in the House of Representatives: Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution. In the words of former Treasury Secretary William Simon, Dr. Paul is the "one exception to the Gang of 535" on Capitol Hill.

Dr. Ron Paul Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

jsknow
27 Jul 10, 16:41
Ron Paul in 2012

Ron Paul in 2012, OR SOONER!


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules