Quote Originally Posted by Elspeth View Post
Where do you get your information on this? I would love to see the actual figures.
Good grief. It's common knowledge. Do you actually think that the federal government can do ANYTHING more efficiently than private industry?


Lots and lots of examples of savings through contracting out benefit programs, and not just to JP Morgan (they just happen to be the ones to hate at the moment):

http://spacecoastdaily.com/2013/01/f...card-contract/
http://www.paybefore.com/assets/0/58...8243FD91D7.pdf
http://investor.shareholder.com/jpmo...leaseid=397042

Even liberals agree that this is a better way of doing things, even if they have to do so in a backhanded manner:

Administrative costs for the food stamp program are at the lowest they've been since the 1990s.
Guess what happened in the '90s. That's right: food stamps moved to EBT cards administered by private companies instead of paper coupons issued by the federal government.



This is just a start. There are plenty more. And even if there weren't, it's a no-brainer: private administration is, almost without exception, vastly less expensive that the federal government doing something.