Posted on 02/21/2016 8:25:55 AM PST by Olog-hai
A growing number of states and local governments are turning to an unconventional method of financing possible fixes to big social problems, motivated by tight budgets and little incentive to take a chance on initiatives without a guarantee of results.
On Tuesday, officials in Connecticut, South Carolina and Colorado announced new public/private arrangements to fund so-called "pay for success" projects that aim to help families struggling with drug addiction, improve health outcomes for poor mothers and their children and reduce chronic homelessness.
The concept, often referred to as "social impact bonds," involves a government entity teaming up with a private intermediary that develops the project, identifies effective programs already being used and raises the capital from philanthropic-minded investors. If the initiative produces specific results over multiple years, then the state or local government pays back the investment with a small rate of return. But if the project doesn't meet those results, the taxpayers typically are not on the hook financially. ...
(Excerpt) Read more at hosted.ap.org ...
Indeed California would die if it didn’t receive government funding.
How about cutting them off from welfare, food stamps and section 8 housing, and Medicaid till they get their act together?
If the Government wants the private sector to fix social problems, then let go. Let churches and charities pick up the reins and get off their backs.
Governments only make “social problems” worse.
A new Tax to make things worst ?
A Constitutional Amendment making federal mandates on states unconstitutional would solve lots of problems.
Any private entity that gets in bed with these idiots deserves to get burned.
When governments delve too deep into “social” problems, it becomes “socialISM”.
I think the clause, “provide for the general welfare” really was intended for the government to scrap its regulations that stifle jobs, trade, and health. Not handouts to able-bodied citizens.
Their constant meddling and pandering for votes has brought to where we are...dying on the vine for over picked fruit trees.
They’re not going to get burned. They will be politician cronies who will get to milk the taxpayes for all they’re worth.
Isn’t the phrase “promote the general welfare?” Not “provide the general welfare?”
They don't, because they have to sustain the bureaucrats on the public payroll and retain the votes of the very people they're trying to "help."
This is not new. We have been paying people not to do crime through welfare and trying to buy positive behavior since the LBJ.
WE JUST HAVEN’T DONE IT RIGHT YET....................(sarcasm)
“improve health outcomes for poor mothers and their children”
More subsidies for illegals. These bureaucrats NEVER get enough.
The bulk of government spending is already in social programs (see the website in my tag line). We are at a point where legitimate government functions are being scaled back in order to maintain social spending.
Without the social spending, there would be no deficit, and the debt could be paid down.
My bad...you’re right. Still, the point applies.
An idea like this private/public partnership is testament to the ultimate ineffectiveness of government "solutions."
Sounds like a shakedown. Wanna expand your business? Wanna renew a license? Need a permit?
Any time I see that phase I instinctively grab my wallet.
Its just another way to to pass tax money to corporations.
Actually, a public-private partnership might actually work. The only caveat is, of course, that the public side’s role is limited to staying out of the way and shutting F up.
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