Published: February 28, 2012
Washington – A new General Accounting Office (GAO) report detailing government inefficiencies demonstrates the importance of moving ahead with government reorganization, President John Engler of Business Roundtable (BRT) said today.
The 2012 annual report, “Opportunities to Reduce Duplication, Overlap and Fragmentation, Achieve Savings, and Enhance Revenue,” identifies 51 areas where federal programs could be made more efficient and cost-effective.
“At a time when we are facing record deficits, the GAO report should be mandatory reading for members of Congress seeking to balance the budget,” Engler said.
BRT in January urged Congress to restore the authority, available to all presidents until the 1980s, to reorganize the government, eliminate waste and improve efficiency.
In February, the Obama administration also sent Congress proposed legislation, the Consolidating and Reforming Government Act, to revive that authority. The President’s FY2013 budget also recommended numerous cuts, consolidations and savings, Engler noted.
“We are pleased the administration is making serious efforts to streamline government,” Engler said. “Still, there remain significant opportunities to achieve further savings.”
“To that end, Business Roundtable today renews our strong commitment and call for restoring the President’s authority to reorganize the executive branch,” Engler said. “Americans in the 21st century deserve a 21st century government.”
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with over $6 trillion in annual revenues and more than 14 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $150 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay $163 billion in dividends to shareholders and generate an estimated $420 billion in sales for small and medium-sized businesses annually.
BRT companies give nearly $9 billion a year in combined charitable contributions.