A recent Government Accountability Office report made a valiant effort, concluding that the total budget overruns for current weapons systems stands at nearly $500 billion. The F-35 Joint Strike Fighter program alone is now around $160 billion over budget. In other words, the cost overruns on one weapons system are more than the total defense budgets of Britain and France combined. A new presidential helicopter fleet was scrapped after the cost for a single chopper neared that of a Boeing 747 jumbo jet.
It's amazing how this stuff is allowed to go on, year after year since Ike warned about it. Ashton Carter, SecDef designee, is gonna have his hands full, as much with Congress as the Pentagon.
http://www.washingtonpost.com/opinio...bdc_story.html