Federal contracting is the fastest growing portion of federal discretionary spending, increasing by 100 percent between 2000 and 2006 under the Bush administration. As a result, the federal government is now spending nearly 40 cents of every discretionary dollar on contracts with private companies, a record level. The bad news is that many of these contracts are wrought with fraud. The good news is that I'm the new chairman of a subcommittee on contracting oversight.
The question is: Where do I start? Please send me your ideas and leads by visiting www.youtube.com/senatehub to submit your suggestions. Thank you in advance and I'll be back again soon to continue this dialogue.