There are many reasons why the private sector succeeds while the public sector languishes. Incompetence, bureaucratic policies, oppressive rules, quotas and lack of enthusiasm are just a few examples. The article from Bloomberg.com I read below typifies this apathy and incompetence which runs ramped in government offices. If this happened in my office, my accountant would be out of work- because I'd be out of business. The government treats our hard-earned taxpayer money as if it came from a monopoly game or as if it all grew from some magic tree. There is a definite impersonalization with the money they collect from us. To them it's just a number.
In contrast, in the private sector money means paying the bills, meeting the mortgage, paying the payroll and bringing money home to your family. Every dollar is accounted for and every day the money is tallied up precisely. The bottom line is that every dollar counts and in the private sector, businesses try to make that dollar go as far as it can. In contrast, if some government agency needs more money, they just raise taxes.
The bottom line is, the bigger our government becomes,more waste accrues, more inefficiency is created and more disrespect for money accumulates. Why do you think socialism and communism are failure? This is just one example.
February, cash-strapped Detroit received a $1 million check from the local school system that wasn’t deposited. The routine payment wound up in a city hall desk drawer, where it was found a month later.
This is the way Detroit did business as it slid toward bankruptcy, which it entered July 18. The move exposed $18 billion of long-term obligations in a city plagued by unreliable buses, broken street lights and long waits for police and ambulances. Underlying poor service is a government that lacks modern technology and can’t perform such basic functions as bill collecting, according to Kevyn Orr, Detroit’s emergency manager.
“Nobody sends million-dollar checks anymore -- they wire the money,” said Orr spokesman Bill Nowling. Except in Detroit.
“We have financial systems that are three, four, five decades in the past,” Nowling said. “If we can fix those issues, then we’ll be able to provide services better, faster, more efficiently and cheaper.”