Industrialist Peter Grace and syndicated columnist Jack Anderson formed the commission in 1982 in response to President Reagan’s “Private Sector Survey on Cost Control.” Two years later, after 161 corporate executives and community leaders directed over 2,000 researchers to investigate government spending, the 47-volume, 21,000-page Grace Commission Report was published. The $76 million study was funded entirely from private sector donations and cost the taxpayers nothing. The commission made 2,478 recommendations that would save the taxpayers $424.4 billion over three years without cutting essential services or raising taxes. In a letter to Reagan dated January 12, 1984, Grace encapsulated his commission’s findings concluding that “all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.” Continue Reading…
LeeF
Christian, Patriot, Entrepreneur. Built ThePatriotConnection,com (Patri-X.com) to unite patriots, empower content creators, educate others, and to crowdsource a true accounting of history.