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Operation Overrun
Our Overruns Kick China's Ass
That $296 billion in cost overruns is so staggering that I wanted to put it in some perspective. There is no single country whose entire military costs even close to what the US has wasted to date on big-ticket weapons programs. To wit:
(Foreign defense budget totals are for 2008)
That's right: China, which was the world's single second-biggest defense spender in 2008 after the US and supposedly such an existential threat that it justified the purchase of obsolete and exorbitant weapons programs, spends less than a third of what the Pentagon is wasting.
In fact, the amount the US is wasting on weapons exceeds the GDPs of some sizeable countries, including:
| Romania | $271 billion |
| Norway | $256 billion |
| Chile | $245 billion |
| Vietnam | $242 billion |
| Bangladesh | $224 billion |
| Denmark | $205 billion |
| Israel | $201 billion |
Research credit: Taylor Wiles
Special Report: Shock & Audit
- Part I: The Hidden Defense Budget
- Part III: Where’s My Flying Tank? Gates’ “No Brainer” Defense Cuts
- Part IV: The Axis of Pork
- Part V: Mission Impossible: Is Defense Reform A Lost Cause?
(Links will go live as reports are published.)
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Just think if we spent as
Submitted by Bill Guerrero (not verified) on Tue Jun. 23, 2009 4:08 PM PDT.
Just think if we spent as much mony on education for our children as we do on defense how safer our country would be . Oh I forgot as Noam Chomsky says we do not have any political will in this country.
But...but...health care will costs trillions
Submitted by ETSpoon (not verified) on Wed Jun. 24, 2009 5:38 AM PDT.
If the Defense budget were brought in line and stupidly wasteful programs cut, this nation could afford health care for every citizen for years to come.
But of course if money sewers like the F-22 Raptor or the Osprey were ended, thousands of unionized workers, whom the Democrats tap for campaign donations then promptly stab in the back, would be laid-off and stock prices of the major defense contractors would plummet.
Well, too bad.
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Submitted by Anonymous (not verified) on Thu Jul. 30, 2009 12:48 PM PDT.
Cut out the overrun and you eliminate $415 Billion off the deficit. This is what makes me question the intelligence of conservatives in government (Republican & Democrat) who argue that raising THEIR taxes will bring about the collapse in our economy. I see every penny of THEIR taxes paying for the programs that they support. I know of no one person that pays $1.6 Trillion in taxes. There are many liberals in this country that feel that the pentagon eats up too much of the federal budget so THEIR taxes pay for the programs they support. Yet no one (conservative or liberal) rants and raves about cutting THEIR wasteful spending. Hawks say we need every penny allocated to the defense and say the "liberal" programs should be cut to save money. Liberals say that the pentagon budget should be trimmed first. You can easily pay for all "necessary" programs, not raise anyone's taxes and possibly end up with a balanced budget just by cutting the waste already in the budget. But no one sees their programs as containing any waste. If a defense contractor gets all of their contracts and is only expected to trim WASTE why would they have to lay off anyone? Their bid should have taken into account current costs, anticipated cost overruns, accurate (realistic) completion schedules and their PROFIT. At least that is how it SHOULD be done. So either the defense contractor doesn't know what they are doing and the people reviewing the bid also don't know what they are doing. Or the defense contractor knowingly lies about the price for their project and the people reviewing the bid don't care. I'm leaning toward option 2.
You should question why the
Submitted by Anonymous (not verified) on Thu Aug. 6, 2009 1:43 PM PDT.
You should question why the overuns exist not that they do. Our acquisition system is designed so that the Congress can play football with funds. Anytime you remove funds form a program you slow it down and increase overall cost. Look at all the over runs and see how many times money was pulled from the program. Not saying that the Acquisition community gets everything right, but stable budgets would help remove the problems. Kadish observed that to fix about 40% of the overuns the Congress would be barred from reprograming money once a program was initiated.
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