BREAKING NEWS

Analyst: US pays a third more for defense as in 2001

By REUTERS

JULY 19, 2011 02:42

WASHINGTON - The US military has essentially the same size, force structure and capabilities as it did a decade ago but costs 35 percent more, an independent public policy think tank said on Monday in an analysis of the 2012 defense budget.

The Center for Strategic and Budgetary Assessments, in a 75-page report, also said the Defense Department had spent some $46 billion over the past decade developing weapons systems that were ultimately never fielded, either due to cost overruns or technical challenges.

As a result, a significant portion of the Pentagon's effort to modernize its weapons systems did not result in force modernization, a task that will now have to be undertaken at a time of shrinking defense budgets.

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