Re: OT: Obama sets "top salary" for Executives that take Stimulus money
- From: FL Turbo <noemail@xxxxxxxxxx>
- Date: Fri, 06 Feb 2009 13:52:43 -0600
On Fri, 6 Feb 2009 07:06:27 -0600, "da pickle"
<jcpickels@(nospam)hotmail.com> wrote:
"ChrisRobin"There is a common "Catch 22" with most government programs.
Because of course, by definition, private enterprise can never do any
wrong. Any miracle is possible when you control the buzzwords of the
debate.
Chris, you seem to be a one trick pony.
Private enterprise can do wrong. Business can fail. People get hurt. But
those that took the risk are the ones that pay the piper. The incentive is
not to follow that path in the future. When that business succeeds, those
that took the risk get the rewards. The incentive for the competition is to
move in and do it too. Some succeed and some fail ... we move on.
The problem with government is that those that fail have no penalty ...
government failures get more money if they have political clout ... repeated
failure often results in an ever increasing budget and more people in that
empire. There is no incentive because there is no competition.
When government rewards failure of business, we get the worst of both
worlds.
If the program obviously succeeds in its intended purpose, the answer
is that it is so good that it deserves even more money to do it even
better.
If the program is an obvious failure, the answer is that it was
under-funded, and deserves more money to make is succeed.
Either way, the taxpayer gets screwed.
.
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