The process of draining an old and massive bureaucracy is not easy. When that bureaucracy has gotten so big that so few (if anyone) can fully understand what happens inside it. This is the story of Washington, and more specifically, this is the story of the EPA. The EPA became largely ineffective. Burdening the public by taking our tax dollars and also failing to institute regulations that will actually help the environment. Instead, they created regulations that only helped keep the relevant. Now, it is time for efficiency to reign.
The Hill shares more details:
The Environmental Protection Agency (EPA) has lost more than 700 employees during the Trump administration, including scientists, specialists and department directors, according to a report from The New York Times and ProPublica.
More than 200 scientists, 96 environmental specialists and nine department directors have left the agency, according to the report. The majority of the employees will not be replaced.
The exodus partly reflects discontent with the Trump administration’s policies and the president’s appointees to lead the agency.
The cuts also appear to be a part of a trend that began during the Obama administration, when budget restraints put a squeeze on the agency. The departures seem to have increased during the Trump administration, however.
Trump has brought a markedly different approach to the EPA, with Administrator Scott Pruitt pursuing a more industry-friendly posture that includes rolling back major regulations.
My View: We, as well as most people, want a clean environment. However, as happens with most governmental agencies, they grow by osmosis, getting ever more radical and tyrannical.
Under the last president, the insanity had seemingly no limits. The EPA, under the power of regulating “navigable waterways,” insisted it could control puddles, drinking holes for cattle on farms, and water hazards on golf courses. The cost of all this of course is paid by taxpayers and the private business and properties. The savings can be used for more important projects, like rebuilding our infrastructure, handling the homeless problem, unshackling the crazy regulations on businesses that make no sense. We should all cheer when agencies shrink and the people go out into the world and do something productive. We are sure they will enjoy contributing to the country instead of throwing sand into the ball bearings.
You can read more of our current analysis and forecasts on the global stock markets, bond markets, and global economies in our award-winning WELLINGTON LETTER, now in its 41st year.