Long before the sequester blew in from the north like Smaug the dragon and stole their gold, the Pentagon's bosses had put themselves in a place where they steadily needed more money year-by-year to do business as usual. The biggest factor in that financial pinch was and is compensation, although two decades of miserable performance in major acquisition programs did not help. Today, acquisition programs are between the anvil of compensation and the hammer of sequester. Pretending that ...

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