2003-07-20
... ? Archives: Daniel Sheehan SpeechFor example, say $25 million is the original cost to the United States of this military equipment. After the equipment is transferred to these State Defense Forces for the readiness exercise, about one-half of it is logged back into stores at the end of the exercise, but valued at its replacement cost. The replacement cost is typically twice the original cost because of the increased paperwork, handling, and manufacturing costs associated with small orders. So the books balance [with repect to dollars and cents], and yet half of the originally issued military equipment has 'disappeared.' And then we discovered that it was to be smuggled to the contras in Central America.
