Budgeting for Time-Bombs: Recent General Accounting Office Reports on the Crises of the Nuclear Weapons Complex and the Savings and Loan Industry

This article discusses an emerging problem—how to budget for time-bombs. Time-bombs are a current or a potential disaster that requires enormous sums of funds to arrest, contain or fix. Two examples are provided: the savings and loan insolvencies and the nation's aging nuclear weapons complex. The author discusses the General Accounting Office reports on those subjects and analyzes how time-bomb budgeting has changed budget processes and decision making.