As the fed prints more fiat money the value of the dollar goes down and down..
And union wages go up and up...
Morphing this republic into a democracy is very very expensive..
Any democracy is loaded with hungry economic Vampires..
$1.1B is about 6 hours in FedGov deficit spending.
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On the good side, though, they did have successful test launches of an F-18 from the test facility.
Mark
On the bright side, the carrier will never allow Soviet domination of Eastern Europe.
Odds are that most of the overrun is due to government interpreting it's original specifications as calling for more than was bid and accepted. It's an incentive fee so the feds can play games with "cooperation", "innovation", "quality" and just about any other subjective measure they can dream up. You lose profits if they deem it to be so.
So; want some extra stuff?
Willing to pay added costs if they are properly accounted for?
Going to judge me on my behavior?
Youbetcha sailor, it's coming right up!
This excerpt rings with everything I'd expect from the government.
The only reason to award cost-plus is if the plans are not clear enough to bid the contract for a fixed price. Sure enough, now there are cost+plus "expenses" due to what? Poor workmanship...or Navy bureaucrats bickering over the plans and components? I can guess the latter.
So next we see what is also to be expected...complaints that there are overruns...likely due to changes requested by the Navy. And if not, then why should the Navy pay?
So NOW I'll take off my blindfold and read the article in the spirit of Lazamataz!!!! =)
any dollars going to fund political campaigns??
unions jumping up payrolls??
all change orders as significant as this need to be made public!!
That was ten years ago, and it's probably still leaking. Worthless idiots.
Class and type: Gerald R. Ford-class aircraft carrier Displacement: appx. 100,000 tons Length: 1,092 ft (333 m) Beam: 134 ft (41 m) Propulsion: 2 × A1B reactor Speed: 30+ knots Range: Unlimited distance; 20-25 years Complement: 4,660 Armament: Evolved Sea Sparrow Missile Rolling Airframe Missile Close-in weapons system (CIWS) Aircraft carried: More than 75
A Billion here a Billion there ... before you know it...
it’s almost an 0bama Vacation
TT