Government to Become Self-Financing

In the hubbub over Obamacare’s launch (the biggest trial balloon since the Hindenburg), the Kim-Kanye wedding announcement, and other highlights of the week, I missed the publication of Executive Order 13652, entitled the “Regulatory Agency Freedom Initiative” (RAFI). As noted in an earlier post, many government agencies have become profit centers for the government. The EO formalizes and regularizes the distribution of civil fines and forfeitures to government agencies, making all of them fully self-financing. Richard Reinsch was kind enough to send press coverage of this important initiative. Data on one RAFI payment stream (mortgage settlements) appear here.