The Gentleman in the Belyamont knows best

Responding to growing disquiet that the EU budget is growing despite austerity measures across the European continent a senior Commission official has this to say,

A spokesman for the Commission, Patrizio Fiorilli, says the rise is necessary and most of the money will be ploughed back into member states to ensure growth during a difficult economic cycle.
'Most of the increase we called for is not money that stays in Brussels because it goes to research, enterprise and infrastructure and energy projects. It's not money for Brussels, it's money for 500 million Europeans.'

Or in English,
"We know how to spend your money better than you do".

Of course it is a happy chanced that as money moves from the taxpayer back to the taxpayer a little bit rubs of in the Brussels Euro HQ, but that is the price of wisdom after all.
Lord Jay once said something similar and was castigated rightly for the rest of his career. No, they don't know best. Economic planning at this level, at almost any level is doomed to failure for all sorts of well tested reasons. Primarily on basic knowledge. The man in Brussels cannot have all the information, thus decisions made will be made in ignorance of pertinent factors and therefore inevitably wrong.

Now making mistakes with his own money is one thing. Making it with taxpayer's is another, making it with British taxpayers money should be out of the question.