In Louisiana, Private Disaster Relief Outperforms the Government

This should not be surprising. Generally speaking anything done in the non-public sector is done more efficiently than in the public sector. This includes many areas of the economy that were once just ceded to the public sphere, including for example roads and other transport.

In a time when people have access to much more information they need not rely entirely on officials for guidance. Many things can be solved without the government ever getting involved.

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Government workers cost 45% more than private sector workers

A couple of things here.

It is probably safe to say that government workers are nowhere near as efficient as private sector workers either. It just makes sense, the reality of the marketplace is suspended for government workers. (I have known a few.) The private sector seeks efficiency. Government, well let’s just say it doesn’t.

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Will America’s public pension crisis explode hobbling the private sector which pays for it?

Public pensions are really a joke in many parts of the country. In Chicago, Detroit, California, New York and many other places the economy is saddled with completely unrealistic pension “obligations.” The benefits are just too rich for the people who must now pay for pension plans negotiated by union friendly politicians in years past.

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Desert Hot Springs, California, Fights Bankruptcy – Average City Employee Makes $144,329 Per Year

I am convinced that many municipal, state and federal workers have no actual idea how good they have it. That is why they always seem to be complaining about their pay. Many must just be clueless. In most cases government jobs are jobs for life, benefits are far above the private sector, and pay usually is too.

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Chicago’s stark choice, pay lavish public pensions, or keep cops on the street. 500 murders last year.

This is a pretty interesting series from CNBC. What many people still do not understand is that the obligations of localities to public pensioners won’t be paid, because they can’t be paid. Politicians in the past made promises which they knew couldn’t be kept, and the public employee unions just took whatever they could (which is what a union is supposed to do I guess).

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The Problem with Blaming ‘Private Sector’ Companies for the Problems with the Obamacare Website

Technically CGI Federal (the developer of is a private business. But if all of the business it does is with the government, if its business model is to contract with the state, one can’t really call the company a “private” company. It’s a public/private partnership.

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Big crony gamble: Hedge funds lobby hard for privatization of Fannie Mae

Generally speaking we are for things being private and as far from the hand of government as is feasible.  But right now some hedge funds are buying up preferred shares of Fannie Mae in hopes that the mortgage behemoths will be privatized. They are betting that the government will opt not to liquidate the entities but instead will seek private hands to take them over.

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Friends in Low Places: Where The Real Lobbying Happens

Jesse Eisinger at ProPublica tells us to forget about the revolving door for the bigwigs like Mary Jo White at the SEC. The real action happens at the lower levels were people don’t pay attention. It is in the anonymity of the bureaucracy where the deeds are done, corpses buried, and favors paid.

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Is Government About to Throw Charity Under the Bus?

Unfortunately, that appears to be the case. We hope you will immediately write Congress and tell them to stop—there may not be much time. By hitting the Action Alert button, you will find it easy to sign a petition that will be sent to your senators and congressional representative. Action Alert!

Don’t Let Congress and the President Kill the Charitable Deduction! Charities—and the people charities help—depend on it for survival!

Click Here to Sign the Petition

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So Obama thinks “The private sector is doing fine.”

Spoken like someone who has little experience in the private sector.  (With the exception of a year at Business International Corporation, which “was a small newsletter-publishing and research firm,” referred to by at least one former employee of the firm who worked with Obama as  “high school with ashtrays.”) He never worked at a Taco Bell. He never raised capital to make a dream come true. He’s never met a payroll. For an executive who comes from such a world one can understand how he could say that the “private sector is doing fine.”  

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