About

Fernando Giannotti is a writer, economist, and comedian from Dayton, Ohio. He is a member of the comedy troupe '5 Barely Employable Guys.' He holds a B.A. in Economics and History and an M.S. in Finance from Vanderbilt University as well as a B.A. in the Liberal Arts from Hauss College. A self-labeled doctor of cryptozoology, he continues to live the gonzo-transcendentalist lifestyle and strives to live an examined life.

Thursday, April 2, 2026

A More Capable Government at Lower Cost: Rebuilding the American State Without Expanding It

 The United States does not have a spending problem in the way it is often described. It has an efficiency problem.

Each year, the federal government spends trillions of dollars across defense, healthcare, social programs, and administration. The scale of this spending has led to a persistent assumption that meaningful savings require either cutting major programs or raising taxes. But this framing misses a more fundamental issue.

The problem is not simply how much the government spends. It is how effectively that spending is converted into outcomes.

Across the federal government, inefficiencies are embedded in structure, incentives, and execution. These inefficiencies do not exist in a single place. They are distributed across agencies, contracts, processes, and policies. Taken together, they represent one of the largest untapped opportunities for fiscal improvement.

The United States can meaningfully reduce federal spending—not by shrinking the scope of government, but by making it work better.