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Austerity For Everyone, Except The DOD

While Congress and the President fight it out over the debt ceiling and all of America quietly shudders over whether our economy will completely default on itself, at least one industry still hums along without a care in the world. Amidst a fiscal crisis of apparently apocalyptic proportions, where the GOP demands dollar for dollar spending cuts from the budget in order to raise our debt limit, the Pentagon asked Congress for $264 million to cover part of a $771 million overrun on the F-35 program. The Hill reports Republican Senator John McCain let the news slip via Twitter, saying “Congress notified that first F-35 jets have cost overruns of $771M. Outrageous! Pentagon asking for $264M down payment now. Disgraceful.”

Leaders of the program Lockheed Martin spat back on Twitter, contending “The F-35 team is focused on reducing costs of the jets and is showing significant improveme

Added: Jul-19-2011 
By: Hate Machine
Politics, Weapons
Tags: Government, Defense, Military, National Debt
Location: United States (load item map)
Views: 5732 | Comments: 72 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 3
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