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The Lockheed Martin F-35 Joint Strike Fighter faces a series of multi-billion dollar annual cost overruns if the US Department of Defense continues a shift to a more conservative budgeting stance.
Originally posted by Kaytagg
Lockheed is a welfare company, siphoning all it's revenue off the tit of the state.
These defense contractors bribe congressmen by dividing the manufacture of their aircraft across the entire country (having at least 1 part made in nearly every state) and make sure to let congress know which districts will lose jobs if they cut funding.
It's basically bribery and blackmail. Complete failure of the private sector voting citizens to curtail corruption in the public sector.
Edit to add:
China’s military spending 2009 (up 14% from last year): $70.3 billion source
Russia's military spending 2009 (up 25% from last year): $50 billion source
United States military spending 2009: $651.2 billion source
The 2005 U.S. military budget is almost as much as the rest of the world's defense spending combined source
US spends 1 trillion dollars on fighter jets (even though the US has no enemies with an air force) source
Military discretionary spending accounts for more than half of the U.S. federal discretionary spending, which is all of the U.S. federal government budget that is not appropriated for mandatory spending. (Budget)
[edit on 30-7-2009 by Kaytagg]
Originally posted by waynos
Have you thought that Russia may only be developing its military again because of the obscene overspending on America's military? That would make it Americas own fault if it were the case.
Or do you STILL buy into that discredited cold war 'Red Menace' crap?