Here’s a great comparison of government spending to private spending

The government of New York City spent a huge amount of time and money to “fix” this ice skating rink. But at the end, it was no better off than when they started.

Then a private funder came by, and fixed it for real, for far less money, and in far less time.

https://www.forbes.com/sites/offwhitepapers/2015/08/24/donald-trump-and-the-wollman-rinking-of-american-politics/

Having fallen into utter disrepair during the New York City fiscal crisis, unable to make ice, the city’s Parks Department embarked on a total refurbishment of the facility in 1980, estimating it would take two years to complete. After six years and having flushed $13 million down the drain, the city announced they would have to start all over again and it would another two years to complete. Wollman Rink had quite visibly failed. The Wollman Rink fiasco amplified the public perception of the general incompetence of government and their inability to complete even the simplest projects.

Enter the Donald. In late May of 1986, the 39-year-old Trump made an offer to Mayor Ed Koch. Trump would step in and take over the construction and operation of the project for no profit and have it up and running in time for the holiday season. Koch tried mightily and quite sneakily tried to reject Trump’s offer. A very public Trump-Koch feud ensued; Donald ultimately prevailed taking on the responsibility to finish the rink in less than six months for no more than $3 million. The city politicos could only hope that when Donald failed it would divert attention from their own incompetence.

Instead of failing, Trump finished the job in just four months at a final cost 25% below the budget.

April 4, 2021. Tags: , , , . Donald Trump, Government waste. Leave a comment.