Such excess was more common in the 80s, when Cap Weinberger was steam-shoveling cash into the defense industry, says TIME Pentagon correspondent Mark Thompson. But even the 70 percent reduction in the defense budget since then hasnt eliminated the problem. When you pay $76 for a screw, someones being screwed, says Thompson, and its obviously the taxpayer.
The Pentagon's $76 Screw
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Youd think that legendary $640 toilet seat back in the 80s would have taught the Pentagon to be smart shoppers. Not so, according to a Pentagon audit released today, which revealed that in the last two years the military had paid $76 for a 57-cent screw, $714 for a $47 electrical bell, and more.