Archive for the ‘Privatization’ tag
Proven track of success
Reading this story I could not wondering what is the justification for handing more responsibilities to an organization that has track record of failing on much simpler tasks? Would you let a company running crucial parts of your business if you knew that the failed constantly when handed less complicated responsibilities?
Year after year, decade upon decade, the U.S. Senate’s network of restaurants has lost staggering amounts of money — more than $18 million since 1993, according to one report, and an estimated $2 million this year alone, according to another.
The financial condition of the world’s most exclusive dining hall and its affiliated Capitol Hill restaurants, cafeterias and coffee shops has become so dire that, without a $250,000 subsidy from taxpayers, the Senate won’t make payroll next month.
The Senate decision to privatize the restaurants is a good decision, now it just need to recover from the illusion that it can better handle other affairs and leave our general welfare out of its inefficient hands.