U.S. Nuclear Power Plants Are Vulnerable to Terrorist Attack. All Of Them. →

A study of thousands of government records shows a pervasive culture at the Securities and Exchange Commission (SEC), the government’s top financial regulatory agency, of former SEC employees leaving the agency to go work at major banks. Former SEC employees have helped major firms secure exceptions from federal law, fight allegations of wrongdoing, and soften the blow of enforcement actions.

“The revolving door between the SEC and the firms it oversees is so pervasive that it threatens the integrity of our regulatory system,” said Michael Smallberg, the author of POGO’s new report.

Check out the full report to see just how bad it has gotten.

A coffee break app, a $1.5 million jerky development program and other senseless Pentagon spending →

We are happy to see more people pointing out specific areas where the Pentagon budget can be cut without hurting national security. A new report from Sen. Tom Coburn’s office found savings of $68 billion over 10 years. Read more about the report.

As the government increased spending on federal contractors from $200 billion to $500 billion a year, the Project On Government Oversight began looking at how that money was spent. Recently we release our Bad Business report that debunks the myth that contractors are cheaper than federal employees. In this video, POGO’s Scott Amey gives some background on the rise of federal contractors and how POGO came to do the Bad Business report.

Use of Private Contractors Doesn't Save Government Money, Study Finds →

Check out the NYT’s coverage of POGO’s new Bad Business report. Our study debunks the belief that private contractors cost less than government employees.

From the article,

"For example, the study found that, on average, the federal government paid contractors $268,653 per year for computer engineering services, while government workers in the same occupation made $136,456.

For human resources management, the federal government paid contractors an annual rate of $228,488, more than twice the $111,711 to have the same services done in-house.”

Changing the government’s hiring practices could save taxpayers billions of dollars and help reduce the deficit. Read the article here.