Costs of Pentagon’s major weapons systems ballooned half a trillion dollars over initial pricetags
from the WaPo: http://wapo.st/1kuYT5h
Cost of Pentagon weapons systems up a half trillion dollars; delays (on almost every order) of more than two years
The costs of the Pentagon’s major weapons systems have ballooned nearly half a trillion dollars over their initial price tags, and the 80 programs have average schedule delays of more than two years, according to a report released Wednesday.
The report by the Government Accountability Office came during a congressional hearing in which Senators from both parties vented about continued cost overruns, billions of dollars wasted when contracts are cancelled and a system that is plagued by a high level of turnover that prevents anyone from being held accountable . . .
read more: http://wapo.st/1kuYT5h
. . . gotta love how legislators are blaming the process instead of taking responsibility for voting for the weapons. THIS is where the money goes that most Americans expect would be spent on needs like extending unemployment insurance. There's seemingly no limit to what they're willing to give to the defense industry; our domestic budget kept in the red. All of that 'venting' . . . they know damn well that they won't cut off the industry spigot.
GAO Testimony Before the Committee on Armed Services, U.S. Senate: http://www.gao.gov/assets/670/662837.pdf
= new reply since forum marked as read
