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De Omnibus Dubitandum - Lux Veritas

Wednesday, October 2, 2013

Bankrupt ideas lead to bankrupt governments

By Richard Rahn
Monday, September 30, 2013
“There is nothing left to cut,” said House Minority Leader Nancy Pelosi last week when referring to the federal budget. Again, she displayed a complete disconnect with reality — a disconnect reinforced by all those other fantasyland souls who make her their leader……Outside of government, almost every good or service becomes better and less expensive in real terms each year. Government, though, is most heavily involved in education and health care. In both cases, costs have risen far faster than inflation for decades. With education, there has been almost no measurable improvement in quality as measured by what students know. The teachers unions love to talk about how much is being spent per pupil, while ignoring the fact that there are many high-spending school districts with lower achievement levels than many lower spending districts. The private sector — unlike government — constantly reduces costs and improves its products because of competitive pressures, and that creates real wealth. Those in the public sector measure success by the amount spent, not by what is accomplished.    Read more:

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