No. It shows you don’t understand what it said. I won’t waste my time with this nonsense. Maybe Reagan should have done something about it.
- They shot him, so he then changed his mind about going after them, having seen what happened to the Kennedy brothers, George Wallace, and MLK.
William R. Kennedy Jr. and Robert W. Lee have
summarized the Grace Commission Report in an easy-to-read
160-page paperback. (It took those 2 guys a 160 page book, just to summarize what was in the report. Here are some highlights -- iG)
(But I'm sure that ole BS-C911 has studied it all in depth and is ready to tell us all about it) --- (correction, he's bailed out on condition of his vast ignorance)
On February 18, 1982, President Reagan announced the formation of the Private Sector Survey on Cost Control, to be chaired by entrepreneur J. Peter Grace. The commission was to attempt to scrutinize government spending through the eyes of private-sector business ... in effect, to study the government as if it were a firm with which commission members were considering merger. The Grace Commission (as it came to be known) worked on its study for about 18 months and turned in a comprehensive report consisting of 47 volumes that document nearly 2,500 specific recommendations. Precious few of us "little guys" are likely to be willing or able to wade through 36 major reports and 11 special subject studies.
Foreign Loan Subsidies (America First)
Potential Savings: $360 million
The Grace Commission discovered that
taxpayers are subsidizing foreign borrowers. Interest rates in 1970 on Official Development Assistance (O.D.A.) loans, for instance, were 69 percent of the Treasury bond rate (the price at which the federal government borrows money). But by 1981, that foreign rate had plummeted even further, to a mere 27 percent of the T-bond rate. Which means, in the Grace Commission's words, that "foreign borrowers were getting loans from American taxpayers at 2.5 percent." If the foreign rate could once again be raised to at least the 1970 average of 69 percent, taxpayers would realize a savings of $360 million — an amount equal to the federal income taxes paid by 162,308 median-income families in 1983.
Parole Review (pissing our money away)
Potential Savings: $256,200 per year
A prisoner who appeals an unfavorable parole decision is presently entitled to a two-step review of the decision. Incredibly, the same official who initially ruled on the appeal is also assigned to conduct the second review. In the eyes of the Grace Commission, this would make the first examination entirely redundant. Scrapping it would save an estimated $256,200 annually. (
If the two-step review is not abandoned, it should certainly be conducted by two different officials!
Abuse of Legal Services
Potential Savings: in the millions
The Criminal Justice Act authorizes free legal representation for defendants unable to pay the costs themselves. For 1981, the bill was $28 million. A judge's decision regarding a defendant's eligibility is based primarily on the (usually unverified) financial information which the latter supplies the court. One "unemployed" recipient of free legal counsel cited by the Grace Commission "turned out to own $4,000 ... in traveler's checks, two race horses, a pair of Mercedes and a motor home." It is difficult to know the full extent of this sort of taxpayer-funded rip-off, but it undoubtedly runs into the millions of dollars.
Disaster Relief
Potential Savings: in the billions
Congress usually funds federal disaster relief programs
in advance, with annual lumpsum appropriations going to agency disaster accounts. Such advanced funding does
not earmark money for a specific disaster, so agencies may allocate the funds at their own discretion. In 1980, Congress reacted to the Mount St. Helens disaster in Washington state with a $946 million relief appropriation. But, as summarized by the Grace Commission: "Due to the phrasing of the regulation ... the money could be used in other areas. In fact, only $386 million of the $946 million (41 percent) was spent on the Mount St. Helens disaster.
The balance of $560 million was spent on other disasters and could not be traced because it 'lost its identity.'" [Emphasis added.]
(where was Joe Biden in 1980? Not leaving a trace is my best guess)
Rate Inconsistency (you want a socialist green new deal?)
The inconsistency of rate schedules among various federal agencies often leads one agency to pay far more for an identical service or commodity than another. The Commission cites an example where the "Environmental Protection Agency paid substantially more than the U.S. Coast Guard for the same services provided by the same contractor." The inflated charge, the Commission concluded, "was due largely to the different billing standards used by EPA and the Coast Guard. For example, the Coast Guard will pay
$100 per week for the use of an office trailer.
The EPA's schedule allows for $100 per day."
And those few examples are just the tip of a very ugly taxplayer ripoff iceberg.
The bad part is that's the budget, not what your tax dollars are going for.
The IRS Collected money goes to foreign bankers that loan us our own money, and then tax us solely to play the interest on those loans. 
