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1984 Grace Commission Relevant Today

June 13, 2011

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.”

-Grace Commission report submitted to President Ronald Reagan – January 15, 1984

The Private Sector Survey on Cost Control (PSSCC), commonly referred to as The Grace Commission, was an investigation requested by United States President Ronald Reagan, in 1982. The focus of it was waste and inefficiency in the US Federal government. Its head, businessman J. Peter Grace, asked the members of that commission to “be bold” and “work like tireless bloodhounds. Don’t leave any stone unturned in your search to root out inefficiency.”

Source: Wikipedia, click here

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