The Security and Exchange Commission was created after Great Depression 1.0 with a mission to regulate the stock market and prevent Great Depression 2.0. Remember that Great Depression 1.0 was triggered by the stock market crash of 1929. The Roosevelt administration wanted a watchdog agency to prevent practices like margin selling that had toppled the market in 1929.
Same agency is still in business, with a $1 billion dollar budget. They failed to prevent Great Depression 2.0. Clearly they are a waste of money. Let's shut them down and apply that $1 billion to deficit reduction.
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