A shocking story of government inefficiency: Amtrak lost $800M on cheeseburgers and soda

Farnsworth 2012/08/03 02:19:20
tsk tsk tsk, I don't know what to say ( head shaking )
we need mo gov'ment, its efishsent
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Taxpayers lost $833 million over the last decade on the food and
beverages supplied by Amtrak, which managed to spend $1.70 for every
dollar that received in revenue.

“Over the last ten years, these losses have amounted to a staggering
$833.8 million,” said Rep.John Mica, R-Fla., in a statement previewing a
House hearing today. “It costs passengers $9.50 to buy a cheeseburger
on Amtrak, but the cost to taxpayers is $16.15. Riders pay $2.00 for a
Pepsi, but each of these sodas costs the U.S. Treasury $3.40.”

Amazon.com is currently selling 24-packs of 12 ounce Pepsi cans for $8.94 -- which averages to about 75 cents per can.

Amtrak President Joe Boardman tried encourage House investigators by
telling them that last year's losses represent an improvement over
previous years. "Our ongoing programs have certainly delivered
measurable financial efficiencies," Boardman told Congress in his
written testimony today. "In 2006, our food and beverage service
recovered 49 percent of their costs. In 2011, these services recovered
59 percent of their costs," he testified.

The food service is legally obligated to break even, but Amtrak lost $84
million just last year. “The rail service’s food and beverage operation
has 1,234 employees, and taking into account Amtrak’s $84.5 million
loss last year, that’s $68, 476 per employee," Mica said.

Farnsworth take:

won't healthcare be a real money saver when it's ran by the government?
I guess with Obama pushing high speed rail, we can get to inefficiency much quicker.

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  • templer003 2012/08/03 23:30:39
    tsk tsk tsk, I don't know what to say ( head shaking )
    Well I am NOT surprised one bit, when they { the govt } took over Mustang Ranch all they had to do was sell whiskey, beer and rent women...IT AIN'T THAT HARD TO DO !!!! but yup you guessed it they LOST money to the point that they had to close up shop..
    Remember what Reagan said ??? govt. IS the problem not the answer..
  • seadog6608PWCM 2012/08/03 04:13:43
  • Farnsworth seadog6... 2012/08/03 09:10:29
    cant profit off a burger and soda, but boy we got that health care "problem" fixed.
  • seadog6... Farnsworth 2012/08/03 11:22:31
  • Farnsworth seadog6... 2012/08/03 18:13:08
    blind leading the blind
  • kaZappoo 2012/08/03 04:08:39
    tsk tsk tsk, I don't know what to say ( head shaking )
    well the blind leading the blind ...OH YEAH ...!
  • Farnsworth kaZappoo 2012/08/03 09:10:56
    dumb leading the dumb too.
  • kaZappoo Farnsworth 2012/08/03 22:55:55
    precicely my point !
  • Kane Fernau 2012/08/03 03:30:55
    we need mo gov'ment, its efishsent
    Kane Fernau
    Anyone surprised? Wait until you see what they do to healthcare.
  • Aurora 2012/08/03 03:05:03
    tsk tsk tsk, I don't know what to say ( head shaking )
    Nice Post, government spending has to stop by confiscating of tax dollars and wasting it. Nice Post.
  • tommyg - POTL- PWCM-JLA 2012/08/03 02:38:47
    tsk tsk tsk, I don't know what to say ( head shaking )
    tommyg - POTL- PWCM-JLA
    I'm not shocked at all. Sadly.
  • Red Branch 2012/08/03 02:29:04
    tsk tsk tsk, I don't know what to say ( head shaking )
    Red Branch
  • Dan 2012/08/03 02:23:12
    tsk tsk tsk, I don't know what to say ( head shaking )
    Status quo for the government.

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