Capt Dan Ward, USAF (pdf) on the pitfalls of overfunding:

Let me get right to it: the Department of Defense acquisition community today has too much money. There, I’ve said it, and it feels good. It may be a career-limiting opinion, but after 10 years in this business, I can confidently (albeit naïvely) conclude we have too much money. More important, I con- tend this overfunding is limiting our ability to innovate, which has negative consequences for America’s warfighting capabilities. Now that I have your attention, let me explain how I reached this conclusion: