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On the heels of the Pentagon’s trillion-dollar commitment to the overrated, over budget, and under performing F-35 comes the Littoral Combat Ship (LCS), a seven-year investment, now triple original cost estimates, that has negligible value to the Navy.
The LCS is fast on its way to joining the F-35, giant spy blimps, and the Medium Extended Air Defense System—another military-industrial boondoggle, wasting taxpayer money year after year.
From Time
Our global military presence requires a mammoth defense industry, one that consumes nearly half of all military expenditures worldwide. In January, 2013, automatic defense cuts are scheduled to occur under the Budget Control Act. This sequestration has members of Congress and major defense contractors scrambling to dodge this bullet.
Desperate to protect their bottom line, weapons makers now suggest that the GOP consider raising revenues (taxes!). Just maybe those top tier Bush tax cuts should expire to facilitate a budget agreement before the New Year’s deadline. How will Republicans respond to this powerful lobby?
From The Huffington Post
"Ideology is the science of idiots."
- President John Adams
© 2011 Catherine Crier
