The Hill & Valley Forum Podcast
Senator Joni Ernst, Keith Rabois, and Ramp CEO Eric Glyman | First Principles for Smarter, Leaner Government
May 3, 2025
In this engaging discussion, Senator Joni Ernst, a U.S. Senator focused on government efficiency, teams up with Eric Glyman, CEO of Ramp, a finance automation platform, and tech leader Keith Rabois. They explore the shocking misuse of taxpayer funds, tackling issues like federal payment tracking failures and remote work abuse. Ernst highlights the need for adopting advanced commercial technologies to enhance efficiency, while Glyman reveals how modern financial systems can prevent inappropriate spending. Together, they envision a smarter, leaner government that saves taxpayer dollars.
25:49
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Quick takeaways
- The panel emphasizes the urgent need for accountability in federal payment tracking to prevent fraud and wasteful spending.
- Modern financial technologies can dramatically improve government efficiency, reducing unnecessary costs and enhancing service delivery to citizens.
Deep dives
Government Payment Tracking Issues
The government faces significant challenges in tracking federal payments, as about 95% flow through the Treasury without proper accountability. Historically, there have been no tracking requirements or explanations attached to these payments, allowing for potential double payments and fraud to go unnoticed. Proposed changes aim to mandate that specific descriptions accompany federal payments, making it easier to monitor and audit these transactions. This initiative reflects a broader push for better transparency and fiscal responsibility within government operations.
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