A senior naval commander believes the Littoral Combat Ship (LCS) lacks appropriate firepower.
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.
Business as Usual in the Land of the Midnight Sun
Alaska has long received more than its fair share of federal funding.
Never Ending Problems for the F-35
For the F-35 Joint Strike Fighter, trouble has again reared its ugly head.
GAO Releases Updated High-Risk Series
Every two years, the Government Accountability Office (GAO) releases a report listing areas in the federal government it deems are at a high-risk of waste, fraud, and abuse.
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).
Zombie Apocalypse Threatens Taxpayer Dollars, Not Nation’s Security
In December 2012, Sen. Tom Coburn (R-Okla.) released Safety At Any Price: Assessing the Impact of Homeland Security Spending in U.S. Cities, which focused on Department of Homeland Security (DHS) grant programs, including the Urban Areas Security Initiative (UASI). Those who are familiar with Sen. Coburn’s previous work were not surprised by the numerous examples of wasteful spending in the report, such as federal funding for a zombie apocalypse demonstration.
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.
Coburn Report Reveals Waste
During his 17 years as a senator and representative, Senator Tom Coburn (R-Okla.) has established himself as a staunch opponent of frivolous federal spending. His annual Wastebook has regularly provided valuable information for taxpayers regarding the specific ways the federal government wastes money. Released in October, Wastebook 2012 highlights 100 projects costing taxpayers more than $18 billion.