GOLD-PLATED DEFENSE SYSTEMS

Despite the increase in the poverty rate, the GOP has no problem wasting 10s of billions on defense systems that won't help us one bit in the WOT. I wonder how many wingnuts will complain about this wasteful government spending?

GAO Blasts Weapons Budget
Cost Overruns Hit $295 Billion
By Dana Hedgpeth
Washington Post Staff Writer
Tuesday, April 1, 2008; Page A01

The Government Accountability Office found that 95 major systems have exceeded their original budgets by a total of $295 billion, bringing their total cost to $1.6 trillion, and are delivered almost two years late on average. In addition, none of the systems that the GAO looked at had met all of the standards for best management practices during their development stages.

Auditors said the Defense Department showed few signs of improvement since the GAO began issuing its annual assessments of selected weapons systems six years ago.

The GAO's Sullivan said the reasons for the cost overruns and delays are threefold: There are too many programs chasing too few dollars; technologies are often not mature enough to go into production; and it takes too long to design, develop and produce a system.

Defense Department officials have tried to improve the procurement process, the GAO said, by doing more planning and review in the early stages of a contract. But "these significant policy changes have not yet translated into best practices on individual programs," Gene L. Dodaro, acting comptroller general of the GAO, wrote in the report.

"Flagship acquisitions, as well as many other top priorities in each of the services, continue to cost significantly more, take longer to produce, and deliver less than was promised," Dodaro said. "This is likely to continue until the overall environment for weapon system acquisitions changes."