Commentary Another day, another government handout. The United States has become an economy that is addicted to cheap money. Subsidies for businesses are wrong. Period. Full stop. And yet another word has recently made its way into our vocabulary … the Public-Private Partnership (otherwise known as a P3). In truth, P3s are not new. They’ve existed for years. Decades really. P3s refer to the financial agreements between the government and a private-sector company looking to launch a project that might be too costly should the private enterprise attempt to do it on its own. The first thing you need to understand is that they’re not all bad. For instance … P3s have helped fund toll roads, rebuild bridges, and build water systems across the country. Good things have come from public-private partnerships. Where a government can spend public funds for the betterment of the lives of the public it serves, these …
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