Lies, Damned Lies, And The Pentagon’s Latest Budget Numbers -- Time
There’s a pair of must-reads just out for anyone paying attention to the Pentagon’s acquisition nightmare: one is a routinely scheduled, but important, report from the Defense Department; the other comes from one of the very few entities doing even minimal oversight of the Department of Defense these days, the Government Accountability Office.
Reviewing the reports separately results in a muddled picture of how the Pentagon buys its weapons. Happily, each report fills some of the data missing in the other. But, the two reports still leave some gaping holes, while providing a false impression of progress in the way the Defense Department buys weapons.
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My Comment: The Pentagon's budget .... talk about depressing reading. The paragraph that sums up this Time's article perfectly is the following ....
.... Fourteen billion dollars for an aircraft carrier; $7 billion for an oversized destroyer; $161 billion for the “low cost” fighter bomber. These prices are truly out of control.
And, they are still growing.
Ouch!
1 comment:
I've said it before and I'll say it again...
The US needs to update and re-think its philosophy on how to modernize its budget for the financial times they live in.
But their still sleeping, and still spend as if everything was A-O-K 10 years ago.
Problem is the politicians on both sides are not realists and are living in a dream world. Those in charge will never wake up to the realization of what they can and cannot afford.
The future is gloomy...
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