Other People's Money Is So Easy To Spend Because It Grows On Trees Ya Know

The L.A. Times takes to task the U.S. Congress, the Obama administration, and various military agencies for their combined role in supporting the expenditure of vast amount of money on a system called the Precision Tracking Space System.

All told, according to the paper, the PTSS program -- which was to have provided early warning of missile launches, and precision tracking of the missiles themselves -- ended up blowing through more than $230 million before being cancelled.

 After talking to defense experts and reviewing hundreds of documents, the Times comes to what probably sounds like an easy conclusion for any big-budget military program that never reaches operation: it shouldn't have even left the drawing board.