GOVEROTRAGEOUS: Depreciation is a real expense; the Gooferment is clueless

http://hosted.ap.org/dynamic/stories/U/US_NEW_YORK_GOVERNOR_AGING_PIPES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-01-22-11-31-40

Jan 22, 11:31 AM EST
NY GOVERNOR SEEKS $2B TO FIX SOME OF NATION’S OLDEST PIPES
BY DAVID KLEPPER ASSOCIATED PRESS

*** begin quote ***

ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo has a plan to spend $2 billion to address water contamination and the state’s aging, leaky pipes.

While that sounds like a lot of money, it’s only a fraction of the $80 billion the state’s own experts say will be needed in coming years.

The state has some of the oldest drinking water and sewer systems in the nation, and contaminants from decades of industrial activity pose another problem.

*** end quote ***

Sorry, but imagine a world where a private corporation was supplying water?

Don’t you think that they would have amortized the cost of replacements into a sinking fund. So that when it came time to replace old pipes, it would be “No Big Deal”. Depreciation is a real expense and only the Gooferment, its politicians and bureaucrats, and the general public seems to be ignorant of it.

Argh!

Privatize, privatize, and more privatization is needed.

Sigh!

Will “We, The Sheeple” ever learn?

Argh!

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