Skip to comments.Obama wants to raise taxes so the government can continue buying soda for $3.40 per can
Posted on 08/04/2012 5:17:35 PM PDT by grundle
We all know that President Obama wants to raise taxes. During his presidency, the federal government has been purchasing soda for a cost of $3.40 per can...
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knarf from West Alexander
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Taxpayers lost $833 million over the last decade on the food and beverages supplied by Amtrak, which managed to spend $1.70 for every dollar that received in revenue.
Over the last ten years, these losses have amounted to a staggering $833.8 million, said Rep.John Mica, R-Fla., in a statement previewing a House hearing today. It costs passengers $9.50 to buy a cheeseburger on Amtrak, but the cost to taxpayers is $16.15. Riders pay $2.00 for a Pepsi, but each of these sodas costs the U.S. Treasury $3.40.
How does Amtrak lose money on food and beverage operation, especially at these prices?
Not sure, but the math employed by this US Rep would make Obama's Labor Dept proud ...
How do they lose money? Railroad pensions, that’s how.
Because it's the government, that's why.
Milton Friedman said that if the U.S. government ran the Sahara desert, within five years, there would be a shortage of sand.
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