At a time when Congress is wringing its hands over the projected future cost of Social Security and proposed universal health care, it does little to stop the frittering away of taxpayer money at the Pentagon. The Government Accountability Office said in a report released Monday that 70% of the 96 largest weapons programs were over budget last year, costing us a total of $296 billion more than estimated. The GAO described the Pentagon's management of contracts as "poor" and cost overruns as "staggering". Leading examples of the Pentagon's spendthrift weapons procurement process are the Air Force's F-22 Raptor, and the Navy's littoral combat ship, Freedom.The F-22 fighter jet was originally projected to cost $88B for 648 planes in 2009 dollars. Due to delays, changes and material price increases, the program is now expected to cost $73.7B for only 184 planes. The previous Secretary of Defense tried to rein in the escalating costs of the

Raptor, but was defeated by a powerful Capital Hill combination of the USAF, builder Lockheed Martin, and Congress members whose constituents derive economic benefit from the program. Critics of the technologically advanced fighter say it was overkill from the beginning since the United States' air superiority is unquestioned and the threat the Raptor was designed to counter, the Soviet Air Force, has changed. The current Secretary is reviewing the program and some analysts think he will cancel or curtail the program according to the NYT.
The Navy's program to build a new class of small, fast warships designed to operate in shallow coastal waters and support land operations has run into similar cost escalation. Also built by
[chart: Center for Arms Control & Non-Proliferation, 2/2008]
[images: New York Times, AP]