Browsing: Old Faithful

The water metaphors were flowing at yesterday’s Senate Budget Committee hearing on federal contracting. In his opening statement, Office of Federal Procurement Policy administrator Dan Gordon mentioned the massive growth in government contracting over the last decade. He said that acquisition workers “couldn’t cope with this tsunami of buying that was taking place.” Not to be outdone, Rhode Island Democrat Sheldon Whitehouse later said that “more than half a trillion dollars a year and climbing is clearly a geyser of taxpayer funds that needs to be carefully watched.” Either way, it sounds like taxpayers are taking a bath.