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Iceberg

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Occam's Tool| 4.30.12 @ 12:24PM

Indeed.

Richard Baker| 4.30.12 @ 1:56PM

Great cartoon.

Clint| 5.1.12 @ 5:00AM

Ronald Reagan On Defense Waste:

" During my 1980 campaign, I called federal waste and fraud a national scandal. We knew we could never rebuild America's strength without first controlling the exploding cost of defense programs, and we're doing it. When we took office in 1981, costs had been escalating at an annual rate of 14 percent. Then we began our reforms. And in the last two years, cost increases have fallen to less than 1 percent. We've made huge savings. Each F-18 fighter costs nearly $4 million less today than in 1981. One of our air-to-air missiles costs barely half as much.

Getting control of the defense bureaucracy is no small task. Each year the Defense Department signs hundreds of thousands of contracts. So yes, a horror story will sometimes turn up despite our best efforts. That's why we appointed the first Inspector General in the history of the Defense Department. And virtually every case of fraud or abuse has been uncovered by our Defense Department, our Inspector General. Secretary Weinberger should be praised, not pilloried, for cleaning the skeletons out of the closet. As for those few who have cheated taxpayers or have swindled our Armed Forces with faulty equipment, they are thieves stealing from the arsenal of democracy, and they will be prosecuted to the fullest extent of the law."

alyans | 5.1.12 @ 7:08PM

alyans

More Blog Posts by Yogi Love

http://spectator.org/blog/2012/04/30/iceberg

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