An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, January 2, 2017
More Public-Private Deals
ATC perhaps another area for Public-Private management.
Trump wants to privatize air traffic control, driving up ticket costs and risk of deadly crashes https://t.co/yHKqxY0c0t
Perhaps another way to try to make the federal gov accounting numbers look prettier to the Rick Mulvaneys and Larry Kudlows.
I am skeptical of the impact some of this PP deals are going to have though. Would this one result in what Blumenthal is talking about or do you think the results might be different than what he's expecting?
"Congress has been averse to spending money, but privatizing air traffic control systems would shift the cost of upgrades from tax coffers to air travelers, the kind of move that makes lawmakers view it as free instead of an increase in federal spending."
Story in a nutshell from our perspective ... they think "this is where the money comes from!".... so the deal looks good to them and probably goes thru....
Perhaps another way to try to make the federal gov accounting numbers look prettier to the Rick Mulvaneys and Larry Kudlows.
ReplyDeleteI am skeptical of the impact some of this PP deals are going to have though. Would this one result in what Blumenthal is talking about or do you think the results might be different than what he's expecting?
"Congress has been averse to spending money, but privatizing air traffic control systems would shift the cost of upgrades from tax coffers to air travelers, the kind of move that makes lawmakers view it as free instead of an increase in federal spending."
ReplyDeleteStory in a nutshell from our perspective ... they think "this is where the money comes from!".... so the deal looks good to them and probably goes thru....
Still have to keep an eye on leading flow tho... as THAT is where the "money!" comes from not "the deficit!"...
ReplyDelete