The U.S. Navy has wasted roughly $4 billion in taxpayer money over the past six years due to the repeated failure by Congress to pass a budget that fully funds the military, the secretary of the service said Monday.
"Since 2011, we have put $4 billion in a trashcan, poured lighter fluid on top of it, and burned it," Sec. Richard Spencer said in remarks at the U.S. Naval Institute's Defense Forum in Washington.
"It's enough money that it can buy us the additional capacity and capability that we need. Instead, that $4 billion of taxpayer money has been lost because of inefficiencies [caused by] continuing resolutions," he added.
Spencer said the Navy could have otherwise used the wasted funds to purchase a squadron of F-35 fighter jets, two Arleigh-Burke-class destroyers, 3,000 harpoon missiles, or 2,000 tactical Tomahawk missiles.