Should the Small Business Administration be abolished? The WSJ wades in with arguments on both...


Should the Small Business Administration be abolished? The WSJ wades in with arguments on both sides of the debate. What's the consensus among SA readers? Is the SBA a waste of money or an agency with a crucial mission in a weakened economy?
Comments (5)
  • DeepValueLover
    , contributor
    Comments (11177) | Send Message
     
    Like most government programs it is a complete waste and exists far outside of the Federal government's intended role.
    19 Mar 2012, 05:27 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    If it actually did what it's advertised to do, it would be important. It doesn't. Never has. See also, everything else the federal government gets its fingers in. This is how that works - 99.99% of the time.

     

    http://bit.ly/ztVz2q
    19 Mar 2012, 06:06 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    Every government agency, whatever the original mission, eventually succumbs to capture by sinecure seekers. In this age of "austerity," let's prove it by eliminating a government agency and laying off some federal employees.

     

    Prediction: Austerity in this case means the budget of the Small Business Administration will rise.
    19 Mar 2012, 07:34 AM Reply Like
  • kmi
    , contributor
    Comments (4587) | Send Message
     
    Interesting. You guys bemoaning the SBA, can you be more explicit?

     

    I have a friend who sets up loans for the SBA and can cite numerous local small businesses that would not today exist with SBA loan programs.
    19 Mar 2012, 10:32 AM Reply Like
  • davidbdc
    , contributor
    Comments (3194) | Send Message
     
    I'll be more explicit. I'd be ok with the program IF it removed all the "preferred outcomes". Its well known that if you want a loan - get a minority or woman "partner".

     

    And just look at the oulays - about 5 times whats planned - what is that? Bad loans given to folks that shouldn't have gotten money anyways. And how many "real" business owners lose some business while these make believe businesses exist wasting our money? Not to mention its just another area of bureaucrats deciding who gets what - bureaucrats that aren' needed and are just stealing money from ourselves, our children, and grandchildren.

     

    There are so many ways to get a business up and running that we simply don't need the "government way".
    19 Mar 2012, 11:43 AM Reply Like
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