Proven over and over again…..

Government is an inherently failed entity. It always is – it always will be. Government can do a few things well (the military leaps to mind). But even those successes are woefully mismanaged and obstinately wasteful of money (with the military – usually due to its civilian overseers).

There is no “reform”of this. You can’t improve government quality of service. Because government is organized and run by humans – and thus subject to the immutable laws of human nature. Two particularly pertinent such laws: the Wallet and Yellow Pages Rules.

The Wallet Rule: You go out on a Friday night with your wallet. You go out the following Friday night with my wallet. On which Friday night are you going to have more fun?

Obviously you will have more fun with my wallet than yours –because at the end of the revelry you care what your wallet looks like. My wallet? You don’t care quite so much. Government is always using other peoples’wallets – and the Friday night party never, ever ends.

The Yellow Pages Rule: If you can find it in the Yellow Pages – the government shouldn’t be doing it.

In large part because of the Wallet Rule. The private sector will always do things more wisely and well – because they are spending their own money. And thus are constantly caring about the shape of their wallets. (And because they are businesses competing for our attention – our wallets too.)

The horrendous disaster that is ObamaCare is giving us countless additional examples of government uber-failure (not that we needed them). Both in the cataclysmic damage it is doing to the private sector – and its own miserable forays into pretending to be the private sector. To the latter – behold: the collapsing ObamaCare co-ops.

ObamaCare co-ops were/are twenty-three separate state-level attempts by the federal government to serve as health insurance clearinghouses. The results? Predictably – disastrous. In fact, the government knew they would fail – they just (as usual) underestimated how much and by how many. From June of 2013:

ObamaCare Co-ops Are Focus of Four Federal Investigations

Because co-ops are relatively untested vehicles for selling and managing health insurance programs, the U.S. Office of Management and Budget has predicted that as many as 43 percent of the new groups will go bankrupt within a few years.

Again, government doesn’t care about this titanic waste of money – because it’s not their money. The underestimation of their failure? About 57%. Flash forward two years:

ObamaCare Co-Ops at Risk of Failing After Billions in Loans

Just 15 of the original 23 co-ops remain in operation, and the (Barack Obama) administration acknowledges that more of them could fail, potentially leaving a strike against President Obama’s signature law.