Even though some bottom-line numbers may look improved the week after acquisition, costs will skyrocket.
First, gov't employees make almost double the national average. And, their retirement (better than the pvt sector) can never be changed- even if the business bankrupts.
Worst of all, privatization is really just a cog in the process toward communism here in the U.S. (If you think that is a joke, you must have missed recent laws requiring a min. 1 communist teacher in every school, and the unelected "czars" in the gov who pass enforceable laws... without any check by voters or elected officials).
Further, one of the rules of the secret society types (Satanists, really) is that they privatize whatever makes money, and nationalize whatever LOSES money.
If the gov privatizes anything that has a net gain, cash flow decreases. They can't privatize anything that is not making money- who would buy it?