Wednesday, Sept. 16, 2009 | If I purchase a used Honda for $2k instead of a Porsche for $75k, have I saved my family $73,000? If you live in the real world, the answer is No. If you are a San Diego politician, the answer would be Yes.
Reducing outlandish benefits for future city employees is NOT a $25.5 million cost savings. It is operating within your budget.
There are four types of spending:
1) You spend your money on yourself — you purchase the best you can get at the most competitive price.
2) You spend others money on yourself — you purchase the best regardless of price.
3) You spend your money on someone else — you don’t care about the quality and you pay as little as possible.
4) You spend others’ money on someone else — you don’t care about the quality and you don’t care about the price.
All government spending falls into category No. 4.
If Sanders and the rest of the politicians would look at the city budget, like their family budgets, we’d all be a lot better off.