“It’s déjà vu all over again.” As this week marks the passing of baseball hall of famer Yogi Berra, his insightful malapropism seems quite appropriate as the U.S. federal government is on the precipice of falling headlong into a second government shutdown within two years. How does the shutdown impact how agencies manage their budgets and operations? What effect does shuttering government operations have on federal employees, grantees, and contractors?
As the new fiscal year starts, cost-cutting is taking the driver’s seat in the federal government. This started in state and local governments two years ago, and in recent weeks, it has sweep Washington like a summer thunderstorm.
The federal government faces an estimated annual structural budget deficit of $500 billion –700 billion. Deficits of this magnitude represent a major threat to the economic health of the nation. A plan to reduce and eliminate this structural deficit is urgently needed.
I propose implementing a series of new approaches to cut costs in a more meaningful way – ones that will improve the overall value provided by departments to citizens, state and local governments, businesses, etc.