"government agencies and projects almost never get closed down or cancelled because they did a bad job, wasted money, or were plain incompetent." In which univ

"government agencies and projects almost never get closed down or cancelled because they did a bad job, wasted money, or were plain incompetent." In which universe? Government projects get stopped for incompetence or wasting money about as much as they do in the private sector. And it turns out that the private sector is just as capable of firehosing money at bullshit as the government is, otherwise all those repackaged loans wouldn't have screwed the economy. There is a different limit on money for governments, given they back the money, but to assume that some form of cost/benefit analysis isn't generally practiced in public enterprise is to be working from a purely faith-based model of economics.