On June 12, The Washington Post reported that the Department of Defense (DOD) spent more than $3 million on boats that were never used.
As the Pentagon announces possible upcoming cuts to workers and benefits, Bankrupting America decided to take a look back at the many instances of wasteful spending within the Department of Defense.
Bankrupting America, a project of Public Notice, today released episode two of “The Government,” the web series featuring a federal agency trying any way it can to eat up its funds in hopes of a bigger budget for the next fiscal year.
As the federal government’s wasteful spending continues to run rampant, one group is hoping to curb the feds’ spending and protect taxpayers’ money.
A breakdown of everything you need to know about the “spend it or lose it” mentality running rampant in Washington.
Gretchen Hamel, executive director of Public Notice, joins the Phil Valentine show to discuss the spend-it-or-lose-it mentality that is running rampant in Washington.
At a time when most Americans are tightening their belt and federal agencies are implementing mass furloughs, the spend-it-or-lose-it mentality in Washington seems at odds with this administration’s pledge to be “responsible stewards” of the taxpayer dollar.
The spend-it-or-lose-it mentality is as popular as ever in Washington, and now that we’re in the fourth quarter, you can be sure the wasteful expenditures are just getting started.
How many furloughed Department of Defense (DOD) employees could be spared with $34 million? That’s a good question for DOD, which is reported to have built a nicely appointed 64,000 square foot facility in Afghanistan for just that amount. Commanders in the area didn’t want it, didn’t use it and are embarrassed by it. DOD should take a long, hard look at how its money is being spent now and find a smart way to cut back.
As the Department of Defense (DOD) is set to begin furloughs for hundreds of thousands of employees over the next three months, perhaps the DOD should take a look at its own spend-it-or-lose-it policies that destroy the incentive for program managers to save money.