The truth at any cost lowers all other costs — curated by former US spy Robert David Steele.
Here’s How the Military Wasted Your Money in 2014
New year, old problems
The U.S. Congress approved $581 billion in military spending for 2014. That number includes the Pentagon’s base budget plus the Overseas Contingency Operations fund that pays for America’s various wars.
Shitty super-weapons (F-35, Littoral Combat Ships, M1A1 Tank)
Lazy ineffective Defense Logistics Agency
Afghan money pit
Pentagon could waste $100 million overpaying for spare parts, watchdog says
The Pentagon could wind up overpaying more than $100 million for spare aircraft parts because a contracting agent didn't check that he was getting the right prices, an investigative report found in May.
In his own words — treason comment starts at 1:50.
Tip of the hat to Owl — has been noticed in financial circles.
Continue reading “Admiral James Lyons, Jr.: White House is Greatest Threat to US National Security”
Huge Waste In $604 Billion Defense Bill Heads For Obama Veto
The $604 billion defense spending bill now nears passage with many billions of dollars in rampant defense waste scattered throughout. Aircraft waste on the pricey but flawed F-35, Navy waste on a next generation of nuclear submarines, and systemic waste in unchecked new weapons, all have found their costly places aboard the defense authorization bill.
How the Pentagon Lost Track of $45 Billion
It’s almost impossible to audit what taxpayers have spent to rebuild Afghanistan
Since 2002, Congress has set aside $104 billion specifically to rebuild Afghanistan. Of that, $66 billion went to the Pentagon. Recently, the Special Inspector General for Afghanistan Reconstruction asked the military to account for all that spending. It couldn’t. According to a new report from SIGAR, the Pentagon only knows how it spent a third of its reconstruction budget.
That’s $45 billion dollars the military can’t track and the reason is … ridiculous. According to SIGAR, the Pentagon didn’t check a box on an electronic form when it filed the information in government databases.
A senior union official has told New Matilda the company behind the port had anticipated a base for up to 80,000 US Marines as early as 2012, and the politician who represents the islands in the Northern Territory parliament expects a base to be built to “protect Australia from war in the future”.
How The U.S. Government “Covers Up” 72% Inflation Before Your Very Eyes
Dear Bureau of Labor Statistics: please pay careful attention to this case study of how your CPI “inflation” gauge, hedonically, seasonally-adjusted or otherwise, is completely inaccurate, and how what you record as 0% inflation is really 72%. As Consumerist points out, for the latest example of “stealth inflation” we go to Sodastream, where as part of a redesign of its proprietary line of flavoring syrups which “cost the same” the actual bottle contents are now not only smaller but also diluted.
