Like many people, I am disappointed and disgusted that state investment officer Matt Clark received a $147,178 bonus, even though South Dakota’s investment fund lost $692 million.
The Rapid City Journal editorial board talks about that in today’s editorial.
Obviously, it was gross incompetence at one or more steps of government that provided a whopping bonus to someone who lost a whopping amount. After all, their job is to make money for the state, not lose it.
I’m not saying the guy should be fired; investments can be tricky, and can go south even on the most prudent manager. But to give a bonus for losing $692 million?
What I don’t get is, with such an obvious illustration that government does few things well and most things poorly, some of the same people who rightfully condemn this inefficiency and waste of taxpayer money still insist that government should run most aspects of our lives–including health care.
Not only are there few things our federal government are actually authorized to do according to the Constitution, almost everything the government does costs way too much, wastes way too much money, involves way too much inefficient bureaucracy, and provides too little benefit for the money.
As problematic as our current health care system is (largely due to the amount involvement the government already has), do we really think that somehow government is going to magically get health care right, when it has gotten so much wrong?
Man, don’t pull my other leg. It’s been pulled too much lately.