Thursday, March 10, 2016

The "Plane That Ate the Pentagon"

Wonder why US Person goes on about the F-35 Lightning II? Because it is absurdly expensive at a cost of $1.5 trillion, and it does not perform as advertised, being beaten in simulations by last generation Russian and Chinese jets. Lockheed-Martin rakes in $36 billion a year of taxpayer money for this project. It spent $21 million of that for political contributions. The sad fact is that military spending produces fewer jobs per dollar than spending on transportation, healthcare, or education. So this procurement epitomizes how desperately misguided military Keynesianism as an economic policy is: