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*The Government Accountability Office (GAO) criticized SBA's ability to provide timely disaster assistance to Gulf Coast hurricane victims through their disaster loan system. For more information about this criticism, go to [http://www.gao.gov/new.items/d06860.pdf| GAO's report] on the SBA's disaster relief loans.*GAO also released Report 10-108 which found that failing to hold firms accountable sent a message to the contracting community that there is no punishment or consequences for committing fraud. See [http://www.gao.gov/new.items/d10108.pdf| the report] for more information.*The SBA has had previous difficulty in [[SBA Lender and Loan Oversight]].
The Small Business Administration (view source)
Revision as of 14:26, 15 January 2016
, 14:26, 15 January 2016→Criticisms
==Criticisms==
The five most prevalent criticisms of the SBA include [http://www.cato.org/publications/congressional-testimony/waste-fraud-abuse-small-business-administration-programs| ]:
#Creates uneven playing field by aiding some businesses while denying aid to others, thus distorting markets;
#Duplicating activities already provided in private markets;
#Government intervention in deciding market trends can often bet on the wrong companies at taxpayer expense;
#SBA fosters corruption.
Specifically,
*The CATO Institute argues that the very conception of the SBA was a bad idea, questioning the federal government's strategy in intervening in the credit market. They say that the United States grew to be an economic powerhouse with a small centralized federal government that largely left business development to the private sector. For more information about the CATO institute's criticism, see this [http://www.cato.org/publications/congressional-testimony/waste-fraud-abuse-small-business-administration-programs| article].
==McNair Center Internal==
[[McNair Center-specific courses of further action regarding SBA]]
