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That's total horse shit. PPP was not about government efficiency not has it improved efficiency. PPP was about trading a short immediate cost (infrastructure b
by bananas 12y ago
That's total horse shit.
PPP was not about government efficiency not has it improved efficiency. PPP was about trading a short immediate cost (infrastructure build) against a long one (rent). It was a cash flow measure to knock as much deficit on the head up front and reduce unemployment. This was purely a political measure for the government to "not look as shit".
Of course in the long term it's a shitty deal for citizens, lots of political cash back-handers were taken and we've now got long-term rents to pay and stuck with low grade contract outfits.
But that's what happens when you put capitalism and socialism in the same pot and stir it.
- zimpenfish 12y agoIf it's reduced governmental cash outlay in the short term, is that not more "cost efficient"?
- bananas 12y agoBecause we're throwing a pile of cash away on fighting foreign wars we can't win and killing people rather than abolishing PPP and concentrating on looking after all the sick people at home.