How Did the Pentagon Budget Get This Bad?Tweet
February 20, 2013
A billion here, a billion there and suddenly you have a defense budget that is 40 percent of all world defense spending. While the President is focusing on countering cyber-attacks and away from large-scale ground invasions, the Pentagon is still buying hundreds of billions of dollars in new weapons for old wars.
There are a lot of moving parts in the Pentagon budget that add up to the $689 billion the U.S. spent in 2011, but this Bloomberg story does a great job of briefly breaking them down.
From the story:
According to the U.S. Government Accountability Office, the Pentagon had $1.58 trillion of major weapons projects on its books. Those include the F-35 jet fighter, which is seven years behind schedule and costing 70 percent more than planned; the Navy’s Littoral Combat Ship, plagued by cracks, flaws and a price that’s doubled to $440 million each; and M1 tanks the Army doesn’t want.
Even if the budget cuts happen, U.S. defense spending is projected to grow about 2.4 percent annually through 2021, according to the Congressional Budget Office.
Read the rest of the Bloomberg story for a great list of many of the costs that are creating such a big Pentagon budget.
Andre Francisco is the Online Producer for the Project On Government Oversight.
Topics: National Security
Authors: Andre Francisco
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