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Reply #23: I've listed some real reasons for those wanting the truth about DOD spending [View All]

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Jumping John Donating Member (597 posts) Send PM | Profile | Ignore Sun Oct-24-10 09:37 AM
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23. I've listed some real reasons for those wanting the truth about DOD spending
$100 million for an Earth-monitoring satellite that never made it into space - $1 million a year for storing it

Sen. Amy Klobuchar, D-MN, says, "One in six federal tax dollars sent to rebuild Iraq has been wasted."

Wasteful military spending: $100 billion (waste, fraud, unnecessary weapons)
Running Tab: $537.5 billion + $100 billion = $637.5 billion


Though Defense has long been notorious for waste, recent government reports suggest the Pentagon's money management woes have reached astronomical proportions. A study by the Defense Department's inspector general found that the Pentagon couldn't properly account for more than a trillion dollars in monies spent. A GAO report found Defense inventory systems so lax that the U.S.

Army lost track of 56 airplanes, 32 tanks, and 36 Javelin missile command launch-units.

After six years and nearly $19 billion in spending, the Pentagon task force assigned to create better ways to detect bombs has revealed their findings: The best bomb detector is...a dog.

The story...

Donald Rumsfeld annouced that more than $2 trillion in Pentagon funds had gone missing. He made this astonishing statement on September 10th, perfect timing to keep the story from making any news.

According to the Bulletin of the Atomic Scientists, every single one of the top ten weapons contractors was convicted of or admitted to defrauding the government between 1980 and 1992. For example:

* Grumman paid the government $20 million to escape criminal liability for coercing subcontractors into making political contributions.

* Lockheed was convicted of paying millions in bribes to obtain classified planning documents.

* Northrop was fined $17 million for falsifying test data on its cruise missiles and fighter jets.

* Rockwell was fined $5.5 million for committing criminal fraud against the Air Force.

In another study, the Project on Government Oversight (PGO) searched public records from October 1989 to February 1994 and found-in just that 4~/~-year period-85 instances of fraud, waste and abuse in weapons contracting. For example:

Boeing, Grumman, Hughes, Raytheon and RCA pleaded guilty to illegal trafficking in classified documents and paid a total of almost $15 million in restitution, reimbursements, fines, etc.

* Hughes pleaded guilty to procurement fraud in one case, was convicted of it in a second case and, along with McDonnell Douglas and General Motors, settled out-of-court for a total of more than $1 million dollars in a third case.

* Teledyne paid $5 million in a civil settlement for false testing, plus $5 million for repairs.

* McDonnell Douglas settled for a total of more than $22 million in four "defective pricing" cases.

But General Electric was the champ. PGO lists fourteen cases, including a conviction for mail and procurement fraud that resulted in a criminal fine of $10 million and restitution of $2.2 million.
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