Another Deficit Driver: Contractor Pensions

Since the 1980s, private companies, the federal government, and several state governments have eliminated the uncertainties and risks associated with managing defined benefit pension plans (low interest rates, stock market declines, and an aging work force) and have migrated to defined contribution retirement options.  However, many companies that contract with the federal government have continued to offer defined benefit plans, in part because the investment risks are absorbed by the taxpayers through reimbursements for pension shortfalls. 

Checking in on contractor waste

In March of 2009, President Obama delivered a speech on procurement at the Eisenhower Executive Office Building in which he excoriated the outgoing administration for its irresponsible spending on government contracts.

Sen. Harry Reid Hits a New Low

On Monday evening, March 18, seven U.S. Marines from North Carolina were tragically killed in a training accident at Hawthorne Army Depot in Nevada.

Never Ending Problems for the F-35

For the F-35 Joint Strike Fighter (JSF), trouble has again reared its ugly head. Just two years after the F-35B was placed on “probation” by former Secretary of Defense Robert Gates, the Department of Defense (DOD) has grounded all three variants of the F-35 Joint Strike Fighter (JSF) as a “precautionary measure.”   This after an inspection turned up a cracked turbine blade on the F-35A variant, designed for the Air Force.

Odd Choices in Afghanistan

In late December 2012, the United States Air Force (USAF) did not renew its contract with Alenia Aermacchi, a subsidiary of Italian-based defense contractor Finmeccanica, to refurbish and supply 20 G222s (also known as the C-27A) for the Afghan Air Force (AAF).

Tanking the Taxpayers

The hundreds of millions of dollars in earmarks that Congress has approved for upgrades to the M1 Abrams are so “vital” for national security that the Department of Defense (DOD) has more than 2,000 of the tanks parked in a California desert.

Defense Waste: The Final Frontier

As the country careens toward the automatic year-end program cuts and expiration of tax breaks labeled “the fiscal cliff,” Sen. Tom Coburn (R-Okla.) has been on the offensive, releasing reports in consecutive months highlighting wasteful spending in government. The November WasteWatcher detailed Sen. Coburn’s Wastebook 2012, which targeted 100 projects costing taxpayers more than $18 billion.

More Oversight Needed for our Veterans

On January 24, 2011, the Office of the Inspector General (OIG) of the Department of Veterans Affairs (VA) issued a report detailing the improper benefits given to disabled veterans. The report discussed temporary 100 percent benefits, which the Veterans Benefits Administration (VBA) is supposed to continually monitor and reduce when necessary and concluded that the VBA made mistakes in “about 27,500 (15 percent) of these veterans’ evaluations.” These mistakes “will overpay veterans a projected $1.1 billion over the next 5 years.”


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CAGW Names Rep. Mike Rogers November 2018 Porker of the Month

Rep. Hoyer is CAGW's Porker of the Month for his support for being a leading proponent of a wasteful sixth military branch called the Space Force.