Rapid Fire July 12, 2012: Thicker Deficits, Thinner Reports

Reports will be this thin

The Congressional Budget Office (CBO) released its latest report [PDF] on long-term defense budgets (known as FYDP for short). Whether CBO wonks use their own projections or extend the FYDP beyond its 5-year span, they find that the Pentagon will exceed the Budget Control Act (known as sequestration for dramatic effect) ceilings. Which is working as intended because DoD said from the get-go their FY13-17 numbers would not take sequestration into account. Regardless, here’s the part where DoD should take heed:

“Historically, the costs of providing health care, paying military and civilian personnel, and developing and buying weapons have been higher than DoD’s planning estimates.”

Adding to the endless DoD-Congress telenovela, The Pentagon has apparently set a new policy to limit reports to Congress to 15 pages. HASC Chairman Buck McKeon [R-CA] is justifiably miffed. Leon, you’re hollowing me out!