Costs almost always spiral higher on big government projects because of “deception and mismanagement” by Congress, federal managers and contractors, according to scholars at the Cato Institute.
“Cost overruns on large government projects are pervasive,” wrote Chris Edwards and Nicole Kaeding in a report made public Wednesday. “The problem appears to stem from a mixture of deception and mismanagement, and it has not diminished over time. This issue is important because the true cost of projects determine whether or not they make economic sense.”
Source: Gov’t ‘Deception’ Causes Project Overruns | The Daily Caller