Report: Wasteful Government Spending at All-Time High
The U.S. government has committed to spend a record-high $1.1 trillion with companies holding government contracts "plagued by waste, fraud, abuse or mismanagement," according to a new report by the House Oversight and Government Reform Committee.
The report blames the rise in bad spending on a sharp increase in noncompetitive contracting and a general increase in the use of private companies to perform government functions.
An increase in the use of private companies.
You know what's astounding? These guys have actually convinced people that private companies work better and cheaper. Of course, it's just a coincidence that private companies happen to be the politicians' cronies.
One difference between the government doing something and a private company doing something is that a private company has to make a profit, and the government just has to break even. It usually costs LESS, not more.
Another difference if that an action DOES bring in money, it goes to some poor person's healthcare instead of a rich person's pocket.