Here’s a great piece by a great client and entrepreneur that we got placed in this week’s edition. Happy reading!

Put Incentives to Work In Government Budgets

Commentary

San Diego — Much debate is being discussed these days on how to reduce the deficit. Allowing tax cuts to expire, freezing the U.S. Department of Defense budget, increasing taxes on the “rich,” are all being proposed as solutions, although none of them have the capability to reduce the deficit solely.

One idea that is not often volunteered by the government is to significantly reduce waste in the existing budgets. Though a recent mandate by Ashton Carter, the undersecretary of defense for acquisition, technology and logistics, called for the department to “do more without more,” these types of efforts are usually designed to temporarily show some efforts toward creating savings while striving to make no actual or permanent changes or reductions. The real opportunity for savings is to restructure the incentives that cause our federal employees to waste, often knowingly, taxpayer dollars and re-focus those savings towards paying down the federal and state deficits.

Read the rest of the article here.