Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Sunday, February 3, 2008

Defense Dept.'s Weapons Programs Wasteful

What have Hillary Clinton and John McCain done to change this corrupt system. Nothing, of course. And if either one is elected you can expect more of the same. The military-industrial complex is alive and well. And that won't change unless we force from power the two-party system:

The Defense Department's major weapons programs have suffered cost overruns in the billions of dollars, years-long delays and quality shortfalls because of poor acquisition practices by the department, according to a report released yesterday by the Government Accountability Office.

The GAO warned that the cost of designing and developing weapons systems could "continue to exceed estimates by billions of dollars" if the Defense Department doesn't improve its acquisition practices.

The report, which focused on 11 troubled weapons programs, said contractors had "poor practices" for systems engineering and relied on "immature designs, inadequate testing, defective parts and inadequate manufacturing controls."

The report said the Defense Department did not provide effective oversight as projects were being developed, and often entered into weapons-development contracts before engineering of the project had been analyzed, driving up costs.

In addition, the report said, the Pentagon often pays the cost of the contractors' mistakes, providing the companies with little incentive to perform higher-quality work. "Risk," the report said, "is not borne by the prime contractor, but by DOD.

Bush Proposes Budget With $400B Deficit

Bush's going away gift to the nation:

The spiraling growth of Medicare and the high cost of renewing President Bush's tax cuts are squeezing popular education, health, housing and anti-poverty programs in the budget blueprint that he hands lawmakers Monday.

Even with difficult-to-digest proposals to curb Medicare costs and kill programs to repair dilapidated public housing, fund community action agencies and provide food to the elderly poor, Mr. Bush's $3 trillion budget will project deficits around $400 billion this year and next.

Mr. Bush's submission is already absorbing brickbats from Democrats castigating him for inheriting a government in surplus and leaving Washington with a budget deficit that is likely to break the $413 billion record set four years ago, once war bills and the cost of giving the economy a fiscal jolt with tax rebate checks are factored in.

"The next president is going to inherit a colossal mess because of the fiscal irresponsibility of this president," Sen. Kent Conrad, D-N.D., chairman of the Budget Committee said Saturday.

Mr. Bush's budget will demonstrate a way to produce balance in four years and still renew tax cuts on income, investments and people inheriting large estates - cuts now scheduled to expire at the end of 2010. The cost of renewing those tax cuts exceeds $300 billion by 2013, according to congressional scorekeepers.

Wednesday, January 23, 2008

House Fails to Override Health Bill Veto

This demonstrates once and for all Bush's lack of concern for the people of America:

For the second time in three months, the House failed Wednesday to override President Bush's veto of a bill that would greatly increase spending on a popular children's health insurance program.

Democratic leaders fell 15 votes shy of obtaining the two-thirds majority needed for an override. The final vote was 260-152, with 42 Republicans siding with Democrats.

The result was expected, even as override supporters pointed to the slowing economy as another reason to spend another $35 billion on the State Children's Health Insurance Program over the next five years.

[...]The legislation that Bush vetoed would have increased enrollment in the children's health program from 6 million to 10 million over the coming five years. The revenue needed for that enrollment increase would come from a 61-cent increase in the federal excise tax on a pack of cigarettes, as well as comparable tax increases on other tobacco products.

[...]The president's second veto occurred in December. He said the bill encouraged too many families to replace private insurance with government-subsidized health coverage. He vetoed a similar bill in October. Democratic leaders then fell 13 votes short in their attempt to override that particular veto, so they actually lost ground Wednesday.

The children's health program serves families that earn too much to qualify for Medicaid, but not enough to afford private insurance.