We waste money on crap, deny help to our needy

Americans Have Spent Enough Money On A Broken Plane To Buy Every Homeless Person A Mansion (Click here to read more)

by Hayes Brown 

Posted on July 9, 2014 at 4:03 pm Updated: July 10, 2014 at 8:55 am

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Just days before its international debut at an airshow in the United Kingdom, the entire fleet of the Pentagon’s next generation fighter plane — known as the F-35 II Lightning, or the Joint Strike Fighter — has been grounded, highlighting just what a boondoggle the project has been. With the vast amounts spent so far on the aircraft, the United States could have worked wonders, including providing every homeless person in the U.S. a $600,000 home.
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It’s hard to argue against the need to modernize aircraft used to defend the country and counter enemies overseas, especially if you’re a politician. But the Joint Strike Fighter program has been a mess almost since its inception, with massive cost overruns leading to its current acquisition price-tag of $398.6 billion — an increase of $7.4 billion since last year. That breaks down to costing about $49 billion per year since work began in 2006 and the project is seven years behind schedule. Over its life-cycle, estimated at about 55 years, operating and maintaining the F-35 fleet will cost the U.S. a little over $1 trillion. By contrast, the entirety of the Manhattan Project — which created the nuclear bomb from scratch — cost about $55 billion in today’s dollars.
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“The political armor of the F-35 is as thick as the heads of the people who designed the airplane and its acquisition plan,” Winslow Wheeler, a former congressional staffer and outspoken critic of the F-35, recently told Foreign Policy about the longevity of the plane, despite the many setbacks it has endured. The support for the F-35 is so great in Congress that there’s actual a bipartisan Joint Strike Fighter Caucus dedicated to promoting it and keeping it alive.
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