Cost growth in the last year in DOD's acquisition system was $74 billion, 34 percent more than the $55 billion presumed to occur in the sequester in January; while the time frames are different (see discussion below), so much for Secretary of Defense Panetta's asinine rhetoric that sequester would be a "Doomsday." 

 

Analysis of two recent acquisition reports is available at Time's Battleland blog at http://battleland.blogs.time.com/2012/04/09/lies-damn-lies-and-pentagon-budget-numbers/ and below.

 

 

Lies, Damn Lies, and The Pentagon's Latest Budget Numbers

By Winslow Wheeler | April 9, 2012 | +