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Pentagon Rushes to Spend Billions Before End of Month

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Via:  dignitatem-societatis  •  6 years ago  •  1 comments

Pentagon Rushes to Spend Billions Before End of Month

S E E D E D   C O N T E N T




The Pentagon is expected to spend more than $111 billion in three months as it rushes to use the remainder of its $700-billion budget before the end of the 2018 fiscal year on September 30, Defense One reported.

As of early August, the Defense Department had only allocated contracts worth $177 billion out of an expected $574 billion in discretionary spending, the outlet said, citing analysis by The Pulse.

"The spending spree is the product of the omnibus budget agreement signed six months late in March coupled with funding increases of $80 billion for defense," Defense One reported. "The shortened time frame left procurement officials scrambling to find ways to spend the money."

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1  seeder  Dig    6 years ago
Toward the end of last fiscal year, the government dished out tens of millions on office equipment, surveillance, weapons for non-military agencies, alcohol and electrical supplies. Sixty-seven federal departments used almost $50 billion in the last week of year 2017, according to OpenTheBooks, a nonprofit promoting government transparency. The Army spent $6,600 on fidget spinners, $35,000 on an arcade machine and $62,000 on snowboards and paddle boards. In addition, defense contractors were paid $11 billion in seven days, according to a piece published by OpenTheBooks CEO & founder Adam Andrzejewski and former Oklahoma Tom Coburn.
Whew. Good thing we increased the military's budget...
 
 
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