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Originally Posted by HOWITZER
This mentality still bewilders me to death. Just how is selling off the crown corporations that year-over-year rake in billions of dollars for the public purse and keeping the money pits that private enterprise don't want get you further ahead? Sure, it lowers your monthly/annual debt dues over the short term but you lose a significant chunk of your revenue stream. I just wonder if that is really worth it?
The real issue is waste. How much we waste in time, effort, pet projects, etc. I tell clients all the time that if you operated your personal finances like a government or fortune 500 company runs their own budget, you'd be broke in a week.
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Well in reality this was a huge reason that Alberta became debt free. We privatized all sorts of things in the 90's including the liquor stores just as Ontario is planning. Yes there were cuts as well, but that step shouldn't be missed by observers.
As far as how companies budget, I laugh about that all time. People who say they want governments to run like a business are not only romanticizing how they operate, but they are also embracing borrowing money. And of course people can't run their budget like a government because they don't have the power of taxation at their hands.