Cuts, Both Ways

Have you ever noticed that when public entities have budget cuts, they reduce their most essential services first, and save the percs for last?

Contrast that with private entities, who cut the flab first, and save other stuff for later. For example, in this recent downturn my company has:

1) Taken pay cuts across the board
2) Reorganized its operations to be more efficient
3) Sold off redundant properties and written down underperforming assets
4) Raised prices on marginal contracts and focused on our core competencies

We have not:

1) Had any personnel cuts, or
2) Reduced our service offerings

That's the difference between public entities and private ones. And with the "government stimulus package", we are about to get a huge investment in assets that underperform by design.

All because our politicians want more power. Thanks folks.

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