Thursday, April 03, 2008

Pentagon overspent budget by $295 billion

CS Monitor reports:
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.
For those who are for nationalized health because they claim health insurance companies "waste money on marketing and advertising" we say:how is the federal government going to run health care any better than the Defense Department?