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View Diary: Why Aren't We Talking About EXPANDING Social Security and Medicare? (273 comments)

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  •  By this euphemism (8+ / 0-)
    Private sector efficiencies
    made up much more than the cost of the profits to the government.
    I presume you mean cuts in wages and benefits to employees, and in the quality of services performed?

    "When I was an alien, cultures weren't opinions" ~ Kurt Cobain, Territorial Pissings

    by Subterranean on Sun Dec 09, 2012 at 10:10:04 AM PST

    [ Parent ]

    •  Depends on what kind of contractor he worked (0+ / 0-)


      If his was employment with a Prime contractor then these "efficiencies" most likely came from the sub-contractor lowest-bidders that Primes dole the actual work out to as well as the wage and benefit shenanigans you mention.

      If it was a sub-contractor probably it was both the wage slaves they employed and forcing a shoe-horned COTS ('commercial off the shelf') solution when a proprietary one would otherwise be called for. This is by design: implementing shitty "COTS" based solutions, or skimping on the proprietary one, basically guarantees the actually lucrative meat of contracts--follow-on support and extensions.

      So while I can't argue that his "6% margin" figure is 'wrong', in the strictest sense that an accountant's closed-book number is '6%,' it's a pretty gross misrepresentation of how contractors actually "earn" their money.

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