Political Quotes

“3 weeks ago the Federal Government finally got around to using the services of the National Credit Management Corp. of Hunt Valley, MD, a company located in my congressional district. Under the terms of the contract, NCMC would send collection letters to companies and individuals that owed the Government money. The Nuclear Regulatory Commission turned over 100 accounts to NCMC and paid the company $54 for the entire project. These were accounts that the NRC had previously tried unsuccessfully to collect. In just 3 weeks, those initial 100 letters sent out by NCMC have brought in $63,000. What I would like to know, Mr. Speaker, is why every agency of the Federal Government is not taking advantage of private debt-collection services? More than $50 billion in nontax debt is owed to the Federal Government. Another $60 to $70 billion in tax debt is owed to the IRS. Every day the Government does not collect its delinquent debt costs taxpayers millions of dollars, while many companies, such as the National Credit Management Corp., stand ready to collect that debt.”