Saturday, October 15, 2011

End of the U.S Economic Development Adminstration?

U.S. Rep. Mike Pompeo of Kansas wants to eliminate the Economic Development Administration.

The Wichita congressman says the EDA  uses taxpayer money from across the country to fund local projects, but the government shouldn’t be in the business of “picking winners and losers” by selectively doling out aid.

Overall, the agency — an arm of the Commerce Department — distributed $285 million nationwide last year. The agency was among the social and economic initiatives developed under former President Lyndon Johnson’s “Great Society” program in the 1960s.
More here

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