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."
"The report said that one-third of all income taxes is consumed by waste and inefficiency in the federal government, and another one-third escapes collection owing to the underground economy. “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 [that] taxpayers expect from their government."
Social Security Trust Fund
"...two years after the Social Security fund was started (back in the 1930s) Congress noticed there was a lot of money available and started spending it. But, that's another story.
Anyway, today there are zero dollars in the Social Security trust fund. Instead, Congress "lent" the money to the general fund and spent it on programs that were never authorized to the federal government by the Constitution. The Social Security trust fund, therefore, contains nothing more than IOUs. And, the only way that $4-trillion will ever be replaced is by tax increases.
This, of course, is legally called gross misappropriation of funds and would get the leaders of Anybusiness USA some significant prison time if they did such a thing with retirement funds..."
United States of America
AT T H E F I R S T S E S S I O N
Begun and held at the City of Washington on Wednesday,
the fifth day of January, two thousand and eleven
family services program through fiscal year 2016, and for other purposes."
President Reagan requested The Grace Commission to investigate waste and inefficiency in the US Federal government.
A similar commission should be requested to investigate the waste, inefficiency, fraud, perjury, kidnapping and misconduct in the Child Protective Services racket.