Least Surprising Headline Ever – another Giant Cost Overrun and Huge Delay for a Pork-Barrel Infrastructure Project
January 15, 2017 1 Comment
When politicians create programs and announce projects, they routinely lie about the real costs. Their primary goal is to get initial approval for various boondoggles and they figure it will be too late to reverse path once it becomes apparent that something will cost for more than the initial low-ball estimates. Obamacare is a classic (and discouraging) example.
These “cost overruns” are very bad news for taxpayers, of course, but the system works very well for insiders. Bureaucrats get more money. Interest groups get more money. Government contractors get more money. Government consultants get more money. And some of that money gets funneled back to politicians in the form of campaign contributions, so they get more money as well.
This scam is particularly prevalent whenever politicians decide to build infrastructure. And there are lots of local examples in the Washington area.
- The huge cost overruns to extend DC’s…
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