“Hey…Look at this. We could buy, like, 20 F-35s with all these quarters…”
(From Task and Purpose)
One of the biggest movements of money in this year’s final Defense bill came as a result of the Pentagon massively overestimating, for the second fiscal year in a row, how much its new retirement system would cost.
After overstating how much money it would need from Congress for the program in fiscal 2018 by more than a half-billion dollars, the Defense Department again overstated its needs for fiscal 2019 — this time by $732 million, the conferees’ joint explanatory statement said.