DOD To Save Funds By Paying Women 73 Cents On The Dollar
THE PENTAGON — The Department of Defense has found a creative solution to the ongoing budget crisis created by sequestration, using a clever personnel policy change, officials announced this week. By hiring more women and promoting them to senior leadership roles traditionally held by men, the department can pay them 73 cents on the dollar, a 21 percent reduction compared […]
15 of the most expensive projects abandoned by the US military
The US military is unquestionably the world’s strongest force with the world’s largest defense budget.
But throughout the 2000s, the Pentagon spent $51.2 billion on 15 major programs “without any fielded systems to show for it,” according to a new Center for Strategic and International Studies report.
The abandoned projects are largely due to a lack of funding attributed to the Budget Control Act and sequestration.
Sequestration, which is indiscriminate budget cuts across-the-board that affect every portion of the military equally, is the greatest threat to the US military currently, Former Defense Secretary Robert Gates told Business Insider.
Below are a series of military modernization projects that were canceled partially due to a lack of funds.
Future Combat Systems
Sunk Costs: $18.1 billion
Follow-On: The project was ultimately superseded by the Ground Combat Vehicle Program. This program was also ultimately canceled.