the program, over the years, has been one of the more successful partnerships between the government--not in direct subsidies, but merely in allowing companies to go to the private sector to use private capital which the Federal Government guarantees.
Breaux highlights the success of government-private sector partnerships in the program.
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More from John B. Breaux
Yes, I take it that you cannot approve loans for research-type of projects. You can only approve loan guarantees for commercially feasible projects, not for research activities. Is that correct?
if we are going to look in the MARAD program for huge amounts of waste, fraud, and abuse compared to everything else, I would suggest that we're going to be spending a lot of time, with little results.
It's certainly not a newsworthy item that someone has found out that there's a Federal program in Washington that could be subject to waste, fraud, and abuse.
I think the whole debate politically about ending Medicare as we know it, I think we want to change Medicare.