Word: budgeting
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Princeton also approved an almost seven percent boost in its undergraduate financial aid budget in an attempt to ensure that the fee hike would not affect students who receive scholarship funds...
...firefight has broken out over the size of the Pentagon's 2009 budget request. Defense Secretary Robert Gates argues that his $515.4 billion budget - 3.4% of the nation's gross domestic product - is a bargain by historic standards. "To give you some basis of comparison in terms of the last times we were at war," he explained, "during the Korean War the percentage of GDP going to defense was about 14%, and during Vietnam it was about 9%." But critics, using a different yardstick, found the Pentagon's request historically high. The New York Times editorial page said Tuesday that...
...Taxpayers also can't be blamed for scratching their heads over just how much they're being asked to spend on defense next year. That's because the budget doesn't include a couple of major items, such as the wars in Iraq and Afghanistan. U.S. Defense budgets have always omitted certain items - nuclear weapons, for example, fall under the stewardship of the Department of Energy. But with the two wars currently under way costing about $12 billion monthly, the gap between the budget presented by the Pentagon and what America will actually spend on the military...
...Pentagon noted that it is planning no major cuts in weapons, which are primarily aimed at foes armed with tanks, planes, ships and subs, to help fund the wars on terror, in Iraq, and Afghanistan. Such hardware accounts for $184 billion in the 2009 budget...
...Just three days before the Pentagon released its budget request, the Government Accountability Office released a study into how the military buys such weapons. It did not contain good news. "The cost of designing and developing these systems could continue to exceed estimates by billions of dollars if DOD continues to employ the same acquisition practices, including those for quality, as it has in the past," it said. "Excessive scrap, rework, and repair costs, as well as reliability problems impact overall quality and could ultimately present serious consequences on a weapon system's long-term support costs and affordability...