Forbes President Donald Trump is taking action to declare war on waste.
This week, we reviewed an advance copy of the President’s Budget FY2021 that will be submitted to Congress on Monday, February 10th. The president’s budget includes a bold and detailed chapter on curbing waste, fraud, corruption, and taxpayer abuse.
… [a] bloated Federal Government, with duplicative programs and wasteful spending, remains a critical threat to America’s future.
Our organization at OpenTheBooks.com has advocated these goals from the pages of The Wall Street Journal and USA Today. With the national debt standing at $23.2 trillion and annual budget deficits of over $1 trillion, we applaud the president for starting a war on waste.
Here are just three of the non-partisan reforms the president will highlight in his FY2021 budget to Congress:
1. End Improper Year-End Waste. The federal government’s use-it-or-lose-it year-end spending spree has been going on for years. In our recent oversight report, we found $97 billion spent by 67 federal agencies during the final month of fiscal year 2018. In the last week of the fiscal year, $53 billion in contracts went out the door – that’s one in every ten dollars spent in the entire year.
[T]here are currently misaligned incentives… Agencies recognize that if significant balances are left in their accounts at the end of a fiscal year, the Congress will likely reduce their topline budget in future fiscal years.
All in on this 100%.
Thank you President Trump on making this a priority. Waste in any form must always be eliminated at every level and by everyone, its a green thing. I/We work hard for our money and our politicians and bureaucrats need to respect the dollars we send them. Some call it continuous improvement, Zen it, if you will. Hit the bullseye every time. Efficiencies are gained through consolidation and right sizing. Can the leviathan be tamed, I thinks so with the right people in charge and then people who will team up with those who have our best interest in mind. TRUMP 2020