Re:Fed reinstates multi-trillion dollar bailout program for ...
by toomuchtodo on Thursday March 19, 2020 @08:38AM
(#22626850)
We have bailed banks and airlines out repeatedly, not once. UPS is not mandated to deliver to every address in the United States six days a week, such that USPS is.
"Makes the trains run on time" is a pretty weak argument when the alternative (e.g. UPS) has a demonstrated ability to do the same thing without losing billions of dollars.
> If you require a bailout, you had your chance as a for profit concern. Entirely reasonable to run services at a loss as a government entity.
Isn't this a double standard? A private entity loses money and requires a taxpayer bailout once, they've had their chance. A government entity loses money and requires a taxpayer bailout every year, cost of doing business?