[Infowarrior] - Tech CEOs go to the White House

[Richard Forno]

Tech CEOs go to the White House

By Sara Jerome	 - 10/06/10 08:16 AM ET

http://thehill.com/blogs/hillicon-valley/technology/122901-tech-ceos-go-to-the-white-house

The leaders of six technology companies are heading to the White House on Wednesday to send a message about how the government can reduce the deficit. 

They will meet with Federal Reserve Chairman Ben Bernanke, Council of Economic Advisors Director Austan Goolsbee, National Economic Council Advisor Director Larry Summers and other economic officials.

The tech leaders include the heads of IBM, Dell, Applied Materials, EMC, Intel, Motorola and Micron. IBM's chairman Sam Palmisano and Dell's chief executive Michael Dell will be in tow.

They willl deliver their plan on reducing the deficit by $1 trillion over the next ten years without new legislation. 

Their idea is to foster greater innovation in areas ranging from healthcare, to education and energy to spur economic growth and create jobs, according to a statement they distributed by the Technology CEO Council (TCC) which includes all those companies. 

They say the government can cut 30 percent of its IT overhead from the $76 billion it spends annually in this area. It can cut money from its procurement processes by reducing duplication. It should also reduce fraud and do digital rather than using paper.