Thread: GAO reports Massive Waste

Those that don't, die. Since companies can die, they can't afford to let waste occur except when times are good. that's what the executives have the huge expense accounts(heck, when times are good, even a lot of sales people get lavish expense accounts), and everyone seems to be getting bonuses. I've worked for growing companies flush with cash, and lean companies just trying to stay afloat. Since the government is always flush with cash, or can at least borrow if they aren't, they never really root out waste.

"But geeze, dont cut National Endowment for Humanities,which helps fund theCowboy Poetry Fesival which is attended by 10's of thousands 0f visitors to nothern Nevada" says Harry Reid

Cowboy Poets A Priority? Goodbye, American Grit - Investors.com

Actually 7,000 attend. What Harry lied???
Impossible for this paragon of truth.


And what about all those "shovel ready" jobs in the Stimulus.

And TARP for toxic assets, no,, not,,, jest give it to banks.

And the porno-loving negligent regulators for SEC and Minerals Management Service (Bernie and BP)
Oil rig regulators under scrutiny - UPI.com

And on and on....

Fed Government= WASTE

Reid didn't lie, he's just dumb as a stump. Anyone who thinks that taxpayers will rise up to defend the Cowboy Poetry Festival isn't functioning too well mentally.

Originally Posted by adaher

Those that don't, die. Since companies can die, they can't afford to let waste occur except when times are good. that's what the executives have the huge expense accounts(heck, when times are good, even a lot of sales people get lavish expense accounts), and everyone seems to be getting bonuses. I've worked for growing companies flush with cash, and lean companies just trying to stay afloat. Since the government is always flush with cash, or can at least borrow if they aren't, they never really root out waste.

I don't know. I've worked for several large companies that are still in existence. They let the waste exist.

It is human nature, that when working with OPM, money is wasted.

Fed Gov works with trillions of OPM! Results in huge waste. Duh!

I worked in the aerospace industry and waste was above 13%. The company was admired in the industry for being efficient too. They're still in business.

Big companies do have a lot of waste, because any large, unwieldy bureacracy will have waste. Still, the large companies do cut that waste when money becomes a problem.

Governments do the opposite. They actually cut meat instead of fat to extort more money from the taxpayers. There has never been a budget cut in history that didn't cause an outcry. This is by design.

For example, when Mitch Daniels cut education spending in Indiana, most school districts laid off teachers despite being top heavy with administrators. Other states START by closing parks and libraries, because they want taxpayers to feel pain.

Originally Posted by Disillusioned_1

I worked in the aerospace industry and waste was above 13%. The company was admired in the industry for being efficient too. They're still in business.

Who wrote the checks to the company you worked for. I'd say the odds are pretty good it was the government.

Aerospace gets a lot of government contracts. A company that relies heavily on government money tends to act like an arm of the government because the government doesn't root out waste and inefficiency. So why should a company getting money regardless of performance care either?

Originally Posted by 9aces

Who wrote the checks to the company you worked for. I'd say the odds are pretty good it was the government.

Some were government, some were commercial. It was Boeing, about a 50-50 mix of defense and commercial at the time. I worked on both sides of the company.