Soaring Cost Overruns

PrintPrint

Last week, we found out that new combat ships for the Navy will cost taxpayers at least 59% more than promised.

Today, the Washingon Post reports that upgraded Air Force cargo planes will cost taxpayers at least 35% more than originally promised.

Are such cost overruns some sort of unfortunate accident? Or are they a routine scam perpetrated by an iron triangle of federal officials, companies feeding off the government’s teat, and members of Congress with taxpayer-financed activities in their districts? 

Examine the record of overspending in the table here and decide for yourself.