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Cost of doing business
Cash for Clunkers provides us with a great example of the cost of doing business when the government is involved. Each $3,500 to $4,500 rebate to auto trade-in dealers comes with a $1500 government management cost.
Our not-for-profit organizations should keep their overhead under 15% if at all possible. This $1500 government management cost comes out from 33% to 42% overhead per transaction. Just imaging what the government management costs are going to be for a complex government health care program. It is a wonder they only need to kill off all of the sick and injuried seniors with pain pills.
Oh yes, the US Post Office is $7 billion in debt right now and it is only August. ... the right jack
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Thursday, August 20, 2009
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