Pentagon Overpaid Supplier With Exclusive Contract by as Much As 85%

By: Thursday October 30, 2014 1:46 pm

In honor of tomorrow being Halloween here is another horror story from the black hole of Pentagon financing. According to a report by Department of Defense’s Inspector General, the Defense Logistics Agency exceeded their prices targets by as much as 85% when servicing a contract from a vendor who had exclusive rights to provide replacement aircraft parts.

The contract for replacement aircraft parts was with Ontic Engineering a unit of BBA Aviation Plc.

 

Ryan-Murray Budget Deal Announced To Remove Defense Cuts

By: Wednesday December 11, 2013 6:55 am

Representative Paul Ryan and Senator Patty Murray announced a budget deal yesterday. The deal replaces $63 billion in sequester cuts over two years and cuts an additional $23 billion in long term deficits. The deal will restore defense spending. The funding comes from increased fees for air travel and cuts to federal worker pension programs.

Downsizing the Military Mission, Upsizing the Peacetime One

By: Thursday September 19, 2013 6:50 pm

Moving public dollars into this country’s renewable energy sector could begin to lay the groundwork for a vibrant economy in the second and third decades of this century, while creating good jobs in a growth sector, working toward energy security, and helping this country reduce its reliance on fossil fuels. Like the construction of our interstate highway system in the 1950s, it’s an investment that would pay dividends for decades to come.

Or we can skip all that and launch the next war.

The Second Time Is Not the Charm

By: Friday March 1, 2013 5:50 am

During the debt ceiling fight President Obama wanted Republicans to agree to tax increases but they refused to. Obama couldn’t even get them to agree to a tax increase trigger to improve the chances of a super committee reaching a deal. Eventually Obama offered a sequester with large defense cuts and the GOP decided that was at least acceptable. Obama thought at the time that the GOP’s unwillingness to accept defense cuts would magically make the GOP more willing to accept tax increases.

The Bogus “Drop” in Defense Spending

By: Wednesday January 30, 2013 4:19 pm

This media spin on the “drop” in defense spending is bogus. And it reveals how most “reporters” don’t look beyond the press release they are handed.

Pentagon Slows Burn Rate As Budget Conflict Looms

By: Tuesday January 22, 2013 9:26 am

The budget battles in Congress have an interesting, if not wholly unexpected casualty, the Defense Department. Due to budget uncertainty DoD has been forced to slow down its notoriously extravagant contracting process.

Plan B Morphs Into a Conservative Wish List

By: Thursday December 20, 2012 11:22 am

House Republicans will wait until tonight to pass “Plan B,” and while I think ultimately it will pass, the reason they’re waiting so long is that they have to figure out what to put into it to get conservative votes. Erick Son of Erick has a whip list of 34 no votes and 12 leaners, and Republicans can only lose 23, assuming no Democratic crossovers. So leadership must sweeten the pot if they want to win the vote.

And the way you sweeten the pot for House Republicans is that you kick the poor a bit more while handing out some aid to Wall Street and Lockheed Martin.

Report: Former GOP Senator Chuck Hagel to Be Nominated as Secretary of Defense

By: Thursday December 13, 2012 12:34 pm

Hans Nichols at Bloomberg reports that former Republican Senator Chuck Hagel, a Vietnam veteran and one of the few early GOP converts against the Iraq War, is the leading candidate to replace Leon Panetta at the Department of Defense.

The Two Trillion Dollar Question: What Would Mitt Romney Spend on the Military?

By: Tuesday October 23, 2012 10:22 am

To the extent that there is a difference in foreign policy between the two Presidential candidates at this point, it’s that Mitt Romney wants to implement the same exact policies as Barack Obama, but just spend $2 trillion more on defense contracting to carry it out.

Obama: Sequester Cuts to Defense “Will Not Happen”

By: Tuesday October 23, 2012 9:45 am

OK, “it will not happen” is new. And this comes on the heels of the White House digging in and saying that the President would sign nothing related to the fiscal cliff unless the top two marginal tax rates increase back to Clinton-era levels. That would contradict the sureness of “it will not happen.”

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