Taxpayers for Common sense on Cost overruns

Posted on May 9, 2008

The TCS Wastebasket

Congress Needs to Take On Cost Overruns — Too often, the lawmakers can’t agree on where there is waste in government. The problem is that everything in Washington, D.C. seems to have an army of lobbyists and powerful lawmakers playing defense at the slightest hint of trouble. But we think a recent report by the Government Accountability Office (GAO) can break the impasse.

The report found that the 95 Department of Defense (DoD) weapons programs worth $1.6 trillion had had a total of $300 billion in cost overruns. The GAO has been doing this analysis of programs annually since 2000 and cost overruns and delays are actually worse than when they first started tracking.

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» Filed Under Shaheen, Reid, Pelosi, economic recession, tax pledge, McIntyre, National Politics, North Carolina, Legislators, Taxes, NH Politics