The consequences of the cost overruns that plague so many Pentagon procurement programs have traditionally been limited to tongue lashings from Congress, bad press and not a whole lot else.
But under a proposal from the chairmen of the House and Senate Armed Services committees, the services would have to cough up real cash — 3 percent of the amount of the overrun — when the costs of their programs go overbudget.
The measure is part of what Senate committee chairman, Sen. John McCain (R-Ariz.), called “the most sweeping acquisition reforms in a generation,” another in a series of attempts to fix the way the Pentagon spends billions of dollars on weapons and other programs annually.
READ: The Washington Post