Spending at SEC To Double; Still Not Enough For Dems

A House bill that passed in December authorizes a doubling of SEC funding over the next five years to $2.3 billion, a massive expansion during a time when deficits are exploding and Obama has a "laser like" focus on deficits.

But that's still not enough for Democrats, who want the SEC to be "self-funding," meaning that this unelected agency would be able to charge fees to corporations with virtually no oversight. I'm still waiting for the cries of "undemocratic dictatorship" from the media.