the national association for business economics are former virginia representative, tom davis and stuart rothenberg. this is 45 minutes. [inaudible conversations] [inaudible conversations] >> the next session is coming out. i went to think that peterson foundation for their strong support to the educational initiative conference. in this session is sponsored by minister of financial, adolfo laurenti will moderate the session. >> thank you. first of all, she is not here. unfortunately, she had to be in california after the passing of her father-in-law. i am adolfo laurenti come to debut chief economist maslow financial and i have the privilege to continue the study of public finance situation with two terrific speakers that are really the moderators say they need no introduction. but for the benefit of those who like me comes from distant lands, let me just say that tom has served for seven terms in congress, representing the 11th district of those alma mater george mason university. he was chairman of the government reform and oversight committee. seven accomplishments during the series

tom. in fact perhaps congressman davis we could begin with you. you talked up the fact it would be a wise investment to expand the number of acquisition procurement personnel within the federal government so that we are loking for a efficiencies and cost savings. could you expand on that just a little bit? because one of the things that certainly has struck a number of people is federal contracting increased enormously in the 1990's but procurement and acquisition personnel within the federal govement didn't keep up with that. >> and cemetery as it declined. it cut budgets and in fact many times to go to a procurement meeting and what you have is a lot of contractors running the procurement. that's not all bad that you need a cadre inside of the government to understand the tool box that they have to figure out what is the best value for their government and that needs constant training and all of those kinds of things. what's happened many times is the end of losing good personal to the private sector and yet that's where you get your cost overru

the national association for business economics heard from former va representative tom davis and stewart rothenberg editor and publisher of the rothenberg political report. this is 45 minutes. >> our next session is coming up. i want to once again thank the peterson foundation for their strong support of the educational initiative at this conference and this session is sponsored by ms. reeder financial. speed adolfo laurenti will moderate the session. adolfo? >> thank you. first of all, the president is not with the stand she apologized. unfortunately she has to be in california at the passing of her father-in-law. i am adolfo laurenti, the deputy chief economist and have the privilege of starting our public finance situation with a speaker that allows it to say no needs introductions but for the benefit of those who, like me, come from distant land, let me say tom davis served for seven terms in congress representing district among my alma maters george mason university so a plug for the next week's tournament. [laughter] >> during his tenure in the house he was the chairman of the gove

. >> first i would like to welcome my former colleague, tom davis who did an extraordinary job was chairmanof the committee. he was always a good fighter for the part of the cause, but also reasonable and listen to the minority in work together on a not good bills. it's good to see you. we miss you, tom. welcome back. i want to thank mr. dodaro for your report. it's very helpful and the chairman for focusing on it because this is a time when he to look at ways to protect taxpayers dollars and start reducing the deficit and debt. .. may have withheld 117 million in uncollected or royalties. that is a staggering amount, and your report indicates one reason this may be happening is because we rely on oil companies to self report. >> there needs to be more verification by the interior department of the data to make sure that the federal government is getting -- reasonable assurance they're getting the revenues that are there and so there is a set schedule with the department was behind in maintaining that schedule. why in the world don't we have the royalties reported by the agency or at least

here are comments from palmer -- former republican tom davis and stuart rothenberg. this is 45 minutes. >> i want to once again thank the peterson foundation for their strong support of the educational initiatives. this session is sponsored by adolf laurenti -- he will moderate this session. >> thank you. first of all, nabe past president is not with us. unfortunately she has to be in california after the passing of her father in law. i am adolf laurenti. i in the deputy chief economist and i have the privilege to continue this discussion of the public finance situation with two terrific speakers. they need no introductions, but for the benefits of this who come from distant lands, let me say tom davis served for seven terms in congress representing virginia's 11th district. home among the others of my alma maters george mason university. we have a basketball plug for next week's tournament. during his tenure in the house he was chairman of the house government to reform and oversight committee. several distinguished the complements during those years. he is now dire

tom. in fact perhaps congressman davis we could begin with you. you talked up the fact it would be a wise investment to expand the number of acquisition procurement personnel within the federal government so that we are looking for a efficiencies and cost savings. could you expand on that just a little bit? because one of the things that certainly has struck a number of people is federal contracting increased enormously in the 1990's but procurement and acquisition personnel within the federal government didn't keep up with that. >> and cemetery as it declined. it cut budgets and in fact many times to go to a procurement meeting and what you have is a lot of contractors running the procurement. that's not all bad that you need a cadre inside of the government to understand the tool box that they have to figure out what is the best value for their government and that needs constant training and all of those kinds of things. what's happened many times is the end of losing good personal to the private sector and yet that's where you get your cost ove

tom. in fact perhaps congressman davis we could begin with you. you talked up the fact it would be a wise investment to expand the number of acquisition procurement personnel within the federal government so that we are looking for a efficiencies and cost savings. could you expand on that just a little bit? because one of the things that certainly has struck a number of people is federal contracting increased enormously in the 1990's but procurement and acquisition personnel within the federal government didn't keep up with that. >> and cemetery as it declined. it cut budgets and in fact many times to go to a procurement meeting and what you have is a lot of contractors running the procurement. that's not all bad that you need a cadre inside of the government to understand the tool box that they have to figure out what is the best value for their government and that needs constant training and all of those kinds of things. what's happened many times is the end of losing good personal to the private sector and yet that's where you get your cost ove

. >> tom davis told lawmakers today that the building for a new government accountability office report showing $100 million in wasteful spending westbrook -- rests with congress. you can see his entire testimony tonight at 8:00 p.m. eastern over on c-span2. here is part of the opening statement. >> today's hearing is the second time this committee has met in two weeks to consider the effects wasteful spending can have on the government, the economy, and the taxpayers. this week's gao report exposes serious government breakdowns in effective, efficient use of taxpayer dollars. by conservative estimates, the duplication and fragmentation highlighted the gao reports represent over $100 billion in annual losses. yet, there was great consternation and 90 hours of hard debate urging to propose just $60 million in cuts. the gao reports, unlike the cut, is not about eliminating services. it is about standardizing, combining, and eliminating duplicative services that cost the american people money without serving an additional use, meaning if we cut the bureaucracy, if we cut so many of these p

it's rosie o'donnell, tom hanks, geena davis, madonna, also a slice of history that most people should. "a league of their own" opening day of baseball coming up. make sure you get out and enjoy a game. it's the all-american sport. >> very nicely done. more from abc coming right up. >>> this morning on "world news now," political pressure. president obama just hours away from outlining specific plans onwswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswswsws

needs intductions but for the benefit of those who, like me, come from distant land, let me say tom davis served for seven terms in congress representing district among my alma maters george mason university so a plug for the next week's tournament. [laughter] >> during his tenure in the hoe he was the chaian of the governmental reform and oversight committee. several distinguished accomplishments during those years and he's now the director for the federal government affairs. our second speaker, stuart rothenberg, editor and publisher of the rothenberg political report, columnist on the local and several years of experience in monitoring the politics and policy making in our national capitals. they have been published from all the major not including the journal, "the new york times," "the washington post" and is one of the most respected political interpreters of what's going on in washington, d.c.. with no further hesitation, just before i would poceed further a housekeeping ted again on the question on our staff, so and again with no further hesitation, i will let tom do our introduct