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Budgets | Daily Rapid Fire | Financial & Accounting | Issues - International | Legal | Logistics Innovations | USA

Rapid Fire 2011-12-21: Robot Dragons Battle Electric Windmills

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* The Australian National Audit Office released its 4th review [PDF] of selected defense acquisition projects. It finds that sticking to the schedule has been more difficult than remaining within budget or delivering promised capability. “[T]he total time for the 28 Major Projects to achieve their Final Operational Capability date is expected to be almost one third longer than was originally planned.” * The US State Department seems stalled in an investigation of sales of satellite tech by Thales Alenia Space (TAS) to China that the company says are “ITAR-free” (i.e. without export-restricted American components). * The US GAO finds that the Navy and Marine Corps’s accounting still show significant discrepancies with Treasury accounts aka Fund Balance with Treasury (FBWT): “As of April 2011, there were more than $22 billion unmatched disbursements and collections affecting more than 10,000 lines of accounting.” * US Senator Tom Coburn (R-OK) Wastebook 2011 [PDF] first words: “Dear Taxpayer, Robot dragons, video games, Christmas trees, snow cone machines, and chocolate. This is not a Christmas wish list. These are just some of the ways the federal government spent your tax dollars this year.” At #3 is a $14M wind turbine project from the Air Force […]

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