Abolish the SBA?

Employees of the Small Business Administration -- which President Obama recently elevated to Cabinet status -- could not have been heartened by the debate on their agency's value published in Monday’s Wall Street Journal.

To argue the Small Business Administration should be abolished, the editors of a special section on small business recruited Veronique de Rugy, a senior research fellow at the Mercatus Center at George Mason University. In an essay, she claimed the agency “wastes taxpayer money and distorts economic activity.”

The editors picked Barbara Kasoff, president and chief executive of Women Impacting Public Policy, a Washington public policy group, to defend the agency. She argued that SBA continues to be a “vital resource for small companies.”