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For all of you who believe that government has all the answers, just pay attention to this: Chicago sold their parking meters, an income producing asset, and spent the purchase price in three weeks. Folks, as President Reagan said so well, "Government isn't the answer. It's the problem." Government is a spending machine and they don't spend responsibly.
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Government
Government
Posted 7 y ago
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Puerto Rico is learning as well that there are no money trees.
http://www.foxnews.com/world/2017/04/20/puerto-rico-pushes-to-privatize-operation-public-services.html
http://www.foxnews.com/world/2017/04/20/puerto-rico-pushes-to-privatize-operation-public-services.html
Puerto Rico pushes to privatize operation of public services
Puerto Rico is ready to sign dozens of new deals to privatize the operation of public services as government funds dwindle amid a decade-long recession, the island's governor told some 800 investors attending a two-day financial summit Thursday.
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The problem with Government or any system that derive the funding from taxes or fees associated with the public. They can always raise taxes, or the fees to create more money, they never do an internal audit and look for ways to reduce spending.
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