Difference between private and public sector

This is one line I think it is so true. I quote from a blog called Calafia Beach Pundit:

The private sector is all about survival: if your revenues drop, you have to cut your spending. The public sector is all about politics: your survival and prestige is a function of the size of your budget, so you never consent to a cut. Instead, you always ask for more and more spending authority, no matter what.

This is exactly why the budget deficit will not go down but up. There is no notion of cutting costs in a public sector despite all the talks and spins around rein the spending.