Login
or
Register
Home
»
Trains Magazine
»
Forums
»
Passenger
»
does amtrak make a profit or are they still being subsidised by the Govornment
Edit post
Edit your reply below.
Post Body
Enter your post below.
<p>[quote user="Phoebe Vet"]</p> <p> <blockquote> <div><img src="/TRCCS/Themes/trc/images/icon-quote.gif" /> <strong>Sam1:</strong></div> <div></div> <p> <blockquote> <div><img src="/TRCCS/Themes/trc/images/icon-quote.gif" /> <strong>NKP guy:</strong></div> <div></div> <h3>This is a worthy question, but may I ask:</h3> <h3><i>Does the Defense Dep't make money, or is it still subsidized?</i></h3> </blockquote> </p> <h3> <blockquote></blockquote> </h3> <p>None of the aforementioned governmental activities are commercial activities. They don't make money because they were never intended to make money. Defense, for example, is a pure governmental activity. <div style="clear:both;"></div> </p> </blockquote> </p> <p><span style="color:#800000;">Tell multimillionaires like Erik Prince that Defense is never intended to make money. A large number of people have become wealthy beyond the dreams of avarice in the business of defense.</span></p> <p><span style="color:#800000;">Blackwater USA is a private military company and security firm founded in 1997 by Erik Prince and Al Clark. It is based in the U.S. state of North Carolina, where it operates a tactical training facility that it claims is the world's largest. The company trains more than 40,000 people a year, from all the military services and a variety of other agencies. The company markets itself as being "The most comprehensive professional military, law enforcement, security, peacekeeping, and stability operations company in the world". At least 90% of its revenue comes from government contracts, two-thirds of which are no-bid contracts. </span>[/quote]</p> <p>Practically every government department engages consultants, contractors, etc. to help achieve its objectives. They consultants and contractors are in business to make money. But the departments, unless they have been set-up as enterprise funds, e.g. Amtrak, TVA, FDIC, do not generate service based revenues to cover their costs. They cover their costs with taxes paid into and drawn from the general fund. </p> <p>The Defense Department does not make money. And it is not subsidized, other than to say that it is wholly supported with taxes. </p>
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag
Update Reply
Join our Community!
Our community is
FREE
to join. To participate you must either login or register for an account.
Login »
Register »
Search the Community
Newsletter Sign-Up
By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our
privacy policy
More great sites from Kalmbach Media
Terms Of Use
|
Privacy Policy
|
Copyright Policy