I sleep better at night knowing that ever-vigilant defense contractors and the politicians they’ve bought and paid for are making certain that America won’t be overrun by Communists, Islamic terrorists, or anyone else.
And I’m reassured by the fact that as an American
taxpayer, I’m paying $435 for hammers and $640 for toilet seats. Sure,
that’s more than I’d pay in a hardware store for these items. But we
need to “support the troops.”
In the same vein, I’m thrilled that Lockheed-Martin
shareholders paid CEO Marillyn Hewson more than $21 million in total
compensation in 2018. Certainly, she deserves every penny given
Lockheed’s contribution to keeping America safe from its enemies.
Take Lockheed’s F-35 combat jet, for instance. Yes,
it’s the world’s most expensive weapons development program ever. US
taxpayers are slated to shell out more than $1.5 trillion over its
anticipated lifespan. And there are a few performance issues, such as
the fact that the F-35 can’t take off from the Navy’s newest aircraft
carriers. Or that they have a disconcerting habit of crashing. And that
they can’t fight, hide from the enemy, or even eject the pilot in an
emergency. But Lockheed has spent only 22 years developing the plane and
$400 billion in taxpayer funds to date. I’m sure they’ll get it right
eventually.
And it’s a cool-looking airplane, as you can see in this video. It must be worth the money.
I’m also impressed by the bookkeeping diligence of
the Pentagon. Sure, there are occasional blips, such as the announcement
by the Defense Department’s inspector general that in 2015, the Army,
had made “unsupported journal voucher adjustments” to the tune $6.5
trillion. In many cases, the Army had no receipts or even invoices to
support those expenditures. In others, the Army simply invented the
adjustments out of thin air.
Indeed, follow-up analysis revealed that a total of
$21 trillion in unsupported adjustments – a polite way of saying the
money was lost, hidden or stolen – were reported between 1998 and 2015,
primarily defense-related. ......http://www.silverbearcafe.com/private/06.19/lose.html
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