Thomas Schatz:

The last time a comprehensive review of the federal government was completed, the budget was $848 billion, the national debt was $1.6 trillion, and the debt to GDP ratio was 38 percent.  That was in 1984, when the President’s Private Sector Survey on Cost Control, better known as the Grace Commission, sent its final report to President Ronald Reagan. 

The budget is now $7 trillion, the national debt is $35.3 trillion, and the debt to GDP ratio is 121.6 percent.  The need for a new government efficiency commission could not be clearer.