Amidst the hand wringing of big government Democrats and Republicans (and the media) over the proposed budget cuts, SBA Administrator Hector Barreto says "no worry!" Each year that federal funding for the SBA has shrunk, the agency has actually become more efficient and more effective. "It's difficult to imagine strongly supporting a program without continually increasing its budget, but SBA has proven that it can be done," Barreto said.
The move the cut SBA lending was meant to de-politicize the funding process and to have the SBA focus on its mission.
Last year, in spite of considerable wailing and gnashing of teeth over budget cuts, the SBA managed to issue a record level of lending to small businesses.
The Big Government types want to measure success in government by the size of the budget. Let's follow Mr. Barreto's lead and measure success by effectiveness and efficiency. In fact, this should be what we do for all governmental agencies.
