The federal government with exponentially higher revenue that exceeds the entire market cap of these valuable companies actually runs a deficit while predominantly providing inferior services in competing categories; while having insanely high opex and capex.
This inefficiency passes everywhere, including to their contractors — because of all the random shit, compliance, regulations in government contracting, the average margin is somehow only 10-30%. They charge often 3-100x the price of a good or service when provided to the private sector yet make 3x >less< profit.
The scope of the inefficiency is unimaginable, something we must absolutely not accept under any circumstances if we want to have a future as a country that does not involve being a permanent debtor to other economies.
Federal revenue in one year is more than the market cap of the most valuable US company. It’s an enormous organization. If waste is as a similar level proportionally, it’ll be similarly enormous. Is it actually more than that?