Target 21 of 31
Today’s target
ABOLISHSBA
Small Business Administration
Taxpayers guarantee the loans the banks said no to.
Official story
What they claim to do
Helps small businesses start and grow through loan guarantees, counseling and contracting programs.
Ground truth
What they actually do
Backs loans that private lenders might otherwise decline, with taxpayers covering the defaults. In 2023, its own inspector general estimated that at least $200 billion in COVID relief funds were potentially fraudulent.
The libertarian case
When a bank won’t lend, that’s a price signal, and overriding it with taxpayer money just moves the failure onto someone else’s bill. Small businesses thrive when taxes and regulation are low and credit is free. Cut the burdens and end the subsidy.
Spread the word
Post on X
Facebook