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Monday, April 05, 2010

On unfunded mandates

An interesting read from the GAO about unfunded mandates in Congressional legislation from 2005-2009. Needless to say, both Republican and Democratic controlled Congresses pass unfunded mandates. What the GAO report does not provide is estimated dollar costs of those unfunded mandates (regardless of how faulty the prediction process is in economics). An interesting masters thesis would be to test whether there are differences in the quality, quantity, and cost of unfunded mandates across different political regimes in Congress.

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