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1 Bob Dillon  Nov 10, 2010 4:03:58pm

Yawn. Same BS as the others that were ignored by congress: en.wikipedia.org

Other similar commissions
Brownlow Committee 1937
Hoover Commission two commissions, in 1947-1949 and 1953-1955.
National Partnership for Reinventing Government 1993-1998

The Grace Commission Report was presented to Congress in January 1984. The report claimed that if its recommendations were followed, $424 billion could be saved in three years, rising to $1.9 trillion per year by the year 2000. It estimated that the national debt, without these reforms, would rise to $13 trillion by the year 2000, while with the reforms they projected it would rise to only $2.5 trillion.[3] Congress ignored the commission’s report. The debt reached $5.8 trillion in the year 2000.[4][5] The national debt reached 13 trillion after the subprime mortgage-collaterized debt obligation crisis in 2008. It should also be noted that the U.S. has spent at least $1 trillion on its wars in Iraq and Afghanistan since 2001, with some estimates for real cost ranging near $3 trillion over time. [6]

The report said that one-third of all income taxes is consumed by waste and inefficiency in the federal government, and another one-third escapes collection owing to the underground economy. “With two thirds of everyone’s personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services [that] taxpayers expect from their government.”[3]

2 Velvet Elvis  Nov 10, 2010 5:00:11pm

This thing is political poison to anyone that touches it. It hits all the third rails.

3 Timmeh  Nov 10, 2010 7:00:47pm

re: #2 Conservative Moonbat

This thing is political poison to anyone that touches it. It hits all the third rails.

I think that’s mostly right although I could get behind some of the proposals.

The hike in gas taxes and the reduction of Ag subsidies. Also the military cuts.


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