"An actual case.
One day the U.S. Navy decided to buy a hammer, the kind you buy for $7 at the corner hardware store. To the $7 cost of the hammer, add:
- $41 to order the hammer and figure out how to use it.
- $93 to make sure the hammer worked.
- $102 for "manufacturing overhead."
- $37 to make sure there were spare parts for the hammer.
- $3 for packing the hammer for shipment.
- $90 for the contractor's "general administrative costs."
- $56 for the finder's fee.
- $7 for the "capital cost of money."
Makes one ponder why anyone would want to trust the government with other aspects of the economy, if they can't even handle a transaction as simple as this without spending wastefully on pork.