Friday, September 16, 2011

Newt sent an open letter to CBO Director on federal government waste

Read the full letter on here.

From the letter:
As someone who led an effort which reformed government and led to four consecutive balanced budgets - paying off over $400 billion in federal debt - I was astounded by the news reports of your testimony.

According to the reports you suggested that efforts to eliminate waste and fraud would produce "a negligible impact."


Your statement is the management equivalent of ruling out air travel in calculating how long it takes to go from New York to California.

There are three expert estimates of potential waste and fraud savings in the federal government that propose "$100 billion a year", "$70 to $120 billion a year" and "$500 billion a year" as reasonable estimates of potential waste and fraud savings in the federal government.


How can you dismiss this widespread, independent analysis that suggests between $625 billion and $2.5 trillion in savings over five years is possible through profound management reforms?

In every one of these areas there are private sector examples of real life success.

What is the CBO explanation for rejecting the real world in favor of defending existing Washington inefficiency, incompetence, waste, and fraud?

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