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Dead Constitution
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Title: Grace Commission Quotes
Source: Liberty Tree Quotes
URL Source: http://quotes.liberty-tree.ca/quotes_by/grace+commission
Published: Feb 19, 2008
Author: Grace Commission
Post Date: 2008-02-19 16:48:32 by Horse
Keywords: None
Views: 105
Comments: 2

100% of what is collected is absorbed solely by interest on the Federal Debt ... all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.

Poster Comment:

The Grace Commission was set up by Ronald Reagan in 1982. The study concluded that we could save the taxpayers 100 billion dollars a year if we audited the books. And that was in 1982 dollars with a much smaller budget and no wars in Iraq and Afghanistan!!

Liberty Quotes is an amazing source of quotes for researchers interested in freedom. Do yourself a favor and check out the quotes from some of your favorite writers and thinkers.

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#1. To: Horse (#0)

How was CAGW founded?

Founded in 1984 by the late industrialist J. Peter Grace and syndicated columnist Jack Anderson, CAGW is the follow-on organization to President Ronald Reagan's Private Sector Survey on Cost Control, also known as the Grace Commission. In 1982, President Reagan directed the Grace Commission to "work like tireless bloodhounds to root out government inefficiency and waste of tax dollars." For two years, 161 corporate executives and community leaders led an army of 2,000 volunteers on a waste hunt throughout the federal government. Funded entirely by voluntary contributions of $76 million from the private sector, the search cost taxpayers nothing. The Grace Commission made 2,478 recommendations which, if implemented, would save $424.4 billion over three years, an average of $141.5 billion a year – all without eliminating essential services. The 47 volumes and 21,000 pages of the Grace Commission Report constitute a vision of an efficient, well-managed government that is accountable to taxpayers. CAGW has worked to make that vision a reality and, in 17 years, has helped save taxpayers $687 billion through the implementation of Grace Commission findings and other recommendations.

......

here is the complete quote :

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 which taxpayers expect from their Government.

PRESIDENT'S PRIVATE SECTOR SURVEY ON COST CONTROL

A REPORT TO THE PRESIDENT

VOLUME I

APPROVED BY THE EXECUTIVE COMMITTEE AT

ITS MEETING ON JANUARY 15, 1984

[page ii]

www.uhuh.com/taxstuff/gracecom. htm

----------------------------

Resistance to additional income taxes would be even more widespread if people were aware that:

One-third of all their taxes is consumed by waste and inefficiency in the Federal Government as we identified in our survey. Another one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding taxpayers, promoting still more underground economy-a vicious cycle that must be broken. 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 which taxpayers expect from their Government.

Our survey studied the small as well as the major items of cost savings, items of broad national impact as well as those of a more localized nature. I believe you will be interested in a few random examples of what we found:

In the Northwest, the Federal Power Marketing Administration is selling subsidized power at one-third of market rates. If the Federal power were priced at market, there would be a three-year increase in revenues of $4.5 billion, which equates to the three-year personal income taxes of 676,000 median income American families who are thus subsidizing a discrete group in one part of the country.

The Civil Service and Military Retirement Systems provide to participants three times and six times the benefits, respectively, of the best private sector plans. The Government's civilian and military employees retire at an earlier age, typically age 55 and 40, respectively, versus 63 to 64 in the private sector, with substantially more liberal benefit formulas than their private sector counterparts. In addition, the pensions of Federal retirees are fully indexed for inflation -- a rarity in the private sector. Modifying major Federal pensions to provide benefits comparable to those of the best private sector plans, slightly better in the case of military pensions, would result in three-year savings of $60.9 billion, equivalent to the three-year income taxes of 9.2 million median income families.

A relatively small item in the overall, but representative of many, is the prohibition of competitive bidding on the movement of military personnel household goods to and from Alaska and Hawaii, despite a DOD test showing that competitive bidding would reduce costs by as much as 26 percent. Elimination of this provision would save $69.5 million in three years, equivalent to the three- year income taxes of 10,400 median income families.

We found Congressional interference to be a major problem. For example, because Congress obstructs the closing of bases that the military wants to close, the three-year waste is $367 million. In total, PPSS recommends three-year savings of $3.1 billion by closing excess military bases, equivalent to the three-year income taxes of 466,000 median income families.

Mr. President, these are just a few of the absurd situations that we found throughout the Government that add up to billions of dollars per year and where the opportunities for savings are clearly available.

Some of the recommendations made by PPSS have been made before. Others are entirely new. Regardless of their origins, the focus must now be on implementation. The current economic trends are simply too serious to delay action any longer.

"I don't know where Bin Laden is. I truly am not that concerned about him"
George W, Bush, 3/13/02 http://www.whitehouse.gov/news/releases/2002/03/20020313-8.html

Artisan  posted on  2008-02-19   20:38:10 ET  Reply   Trace   Private Reply  

You may remember this quote from the Grace Commission had a promonant place in Russo's FREEDOM TO FASCISM, (although the quote was not shown in it's entirety, in that film)

Interesting trivia, the J. Peter Grace company bought & sold popular restaurant chains, among other things; coco's, jojo's, bob's big boy,..

http://www.cocosbakery.com/history .htm

"I don't know where Bin Laden is. I truly am not that concerned about him"
George W, Bush, 3/13/02 http://www.whitehouse.gov/news/releases/2002/03/20020313-8.html

Artisan  posted on  2008-02-19   20:42:22 ET  Reply   Trace   Private Reply  

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