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What’s Really Happening

Posted By Don Boudreaux On December 1, 2011 @ 2:09 pm In Crony Capitalism,Other People's Money,Politics | Comments Disabled

Here’s the opening sentence of a new Congressional Quarterly report [1] (HT Andy Roth):

House Democrats are pushing new legislation that would aim to steer more federal dollars toward American manufacturers by extending “Buy America” requirements for infrastructure projects utilizing federal tax dollars.

In other words,

House Democrats are pushing new legislation that would aim to steer more federal dollars force American taxpayers to pay more than necessary by granting special privileges toward- and, hence, artificially inflating the profits of – American manufacturers by extending “Buy America” requirements for infrastructure projects utilizing federal tax dollars.

Or somewhat more compactly:

House Democrats are pushing new legislation that would aim to steer more federal dollars toward American manufacturers by extending “Buy America” requirements for infrastructure projects utilizing federal tax dollars artificially and unnecessarily raise the cost of infrastructure projects.

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[1] a new Congressional Quarterly report: http://www.cq.com/login?jumpto=http%3A%2F%2Fwww.cq.com%2Fshowsource.do%3Fpub%3Dnews%26nav%3Dtrue

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