Thursday, December 5, 2013

Less than 20% correct.

http://www.newsmax.com/Newsfront/healthcare-website-cost-Chung/2013/12/05/id/540176

The tech opinions, likely accurate, are really only (less than) 20% accurate.

You see, IF the Obamacare website ONLY cost $1 BILLION (highly likely that it cost WAYYYYYYYYYYYYYYYYYY more), you MUST take into account:

The US Government operates at an efficiency LESS THAN 20%, once all overhead has been covered.

This means that, for every dollar collected by the Government (taxes), $.80 goes to paying overhead. What is left ($.20 or less) is then used by whatever program the Government deems fit.

Sooooooooo....

IF the Government paid ONLY $1 BILLION for the disaster-of-a-website, then that website ACTUALLY cost US taxpayers OVER $5 BILLION in taxes collected.

Hirota: out.

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