DOD’s $64B Question: “Where is that $64B?”

Matthew Leatherman. The Will and the Wallet, 26 July 2011.
http://defensealt.org/H7nw0S

Excerpt:

“CBO has long said that DoD underestimates program costs including, most recently, its report on the Long-Term Implications of the 2012 Future Years Defense Program. That study concluded that “the difference between the CBO projection and DOD’s estimates for the FYDP is about 2%, or about $64 billion, over the five-year period.” “

Long-Term Implications of the 2012 Future Years Defense Program

David E. Mosher, assistant director for national security, Congressional Budget Office. Testimony before the Committee on the Budget, U.S. House of Representatives, 7 July 2011.
http://www.cbo.gov/ftpdocs/121xx/doc12162/07-07-FYDP_Testimony.pdf