Monday, February 23, 2009

One rule for the public sector, another one for the public sector

Whilst the rest of us tighten our belts during the recession, the government continues to spend like there is no tomorrow. Two articles worth reading on the subject:
  1. Ross Clark writing in this week's Spectator, says that the really appetising salaries, perks, expense packages and pensions are to be found in the public sector.
  2. Dominic Lawson writing in the Sunday Times, compares the government's national insurance system to Bernard Madoff's "Ponzi" scheme.
The government hasn't yet woken up to the reality that reckless spending ultimately leads to bankruptcy. It seem's there is one rule for the private sector, another for the public sector.