Should the SBA close?

I am sure many of you have heard about the two recent government reports which reveal (surprise!) fraud and errors in the Small Business Administrations ‘ contracts.

It uncovered millions of dollars in federal contracts that were supposed to go to small businesses but were awarded to companies are really big businesses, including John Deere and Xerox.

Frankly, I am disgusted.  And as I wrote before, the new SBA chief has no small business experience.

So someone please explain to me, why do we allow the SBA to even exist?  I’d love to hear your thoughts.