Topic: House Approves Defense Procurement Reform Bill by unanimous 428-0 vote (Read 66 times)

darrellmaurina · « **on:** November 26, 2009, 05:14:21 AM »

Congressman Ike Skelton

House Approves Defense Procurement Reform Bill by unanimous 428-0 vote
WASHINGTON, D.C. (May 17, 2009) — In 1940, as World War II tightened its grip in Europe, Congress prepared for eventual U.S. involvement by issuing billions of dollars in defense contracts. However, in early 1941, then-Sen. Harry S. Truman began hearing reports of widespread contract mismanagement and wasteful military spending. Convinced that this corruption would strangle the nation’s efforts to mobilize itself if left unchecked, Truman proposed a new committee, the Senate Committee to Investigate the National Defense Program. The Committee, which came to be known as the Truman Committee, saved our country millions of dollars by subjecting defense contracts to rigorous scrutiny. The lessons of the Truman Committee have much to teach us to this day. The nonpartisan Government Accountability Office found that as of 2009, the Department of Defense had $296 billion of cost overruns on 96 major weapons systems. While this amount represents a cumulative cost over decades, it nonetheless is more than the amount spent on salaries and health care for the entire American military for two full years. These exorbitant cost overruns highlight the need to reform our defense acquisition system. Click here to read more on Pulaski County Daily News ...

By U.S. Rep. Ike Skelton

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Author Topic: House Approves Defense Procurement Reform Bill by unanimous 428-0 vote (Read 66 times)

darrellmaurina

House Approves Defense Procurement Reform Bill by unanimous 428-0 vote