Wasteful Thinking

I know...I know.

This doesn't surprise anyone.  More FedGov fraud, waste & abuse.

What most of you don't know is that excess gov property & materials are sold.  Usually at 10%-20% of acquisition cost for serviceable items and 1-3% for unserviceable.  This will probably be sold as scrap (H7 condition) pricing.  Which is $452/ton.  This 27k tons of steel would go for $12,204,000.

That's 27% of acquisition cost.  Now factor in the storage cost and we are looking at 22%.  Yep free market rules don't apply to them.  No boards to answer to.  Ignore the share holders.

Wasted money.  Here are two links that are used to dispose of excess or unserviceable USG prop.  Stroll through them.  Some of this stuff is A1 condition.

The DRMS is open to LEO organizations for them to "gear up".

DRMS

US Government Liquidators

DHS Spent $9.8M to Store $44M of Steel It Bought But Did Not Use to Build Mexico Border Fence

U.S. Customs and Border Protection (CBP), a division of the Department of Homeland Security, has spent about $9.8 million to store $44 million in steel that it bought but did not use to build fence along the U.S,-Mexico border, according to a report from the DHS Inspector General.


CPB has in storage about 27,000 tons of “extra steel” that could be used to extend the estimated 650 miles of fencing mandated by Congress along the approximately 2,000-mile long southwest border, according to the IG.

An IG report released in November notes that in January 2008, the CBP -- a DHS component -- awarded an unnamed “prime contractor” a “Supply and Supply Chain Management (SSCM) task order” for storing and purchasing steel to support the construction of fence along hundreds of miles of the U.S.-Mexico border by Dec. 31, 2008 as part of the Secure Border Initiative (SBI) that was mandated by Congress.