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Lockheed has delivered 41 planes for initial testing. The program is over 12 years old and full manufacturing won't take place till 2019. Estimates of operating the F-35 run upto $1.1 trillion. The aircraft can fly faster than the speed of sound. The program is under review in 2012-2013 talks for deficit reduction with tradeoffs between weapons systems, a stronger economy and alternatives that can provide more defense for the buck. Cost overruns are a problem. A test aircraft made a safe landing on a ship in the Atlantic ocean.
Grouped Articles
U.S. Military Eyes Cut to Pay, Benefits
Wall Street Journal 11/18/2013
In Federal Budget Cutting, F-35 Fighter Jet Is at Risk
New York Times 11/28/2012
U.S. to Pay $3.8 Billion for Next Lot of F-35 Jets
New York Times 11/30/2012
Mandatory Cuts Could Open Path to Deeper Defense Trims
New York Times 03/10/2013
The CBO projection was made in 2001 and showed a surplus of $2.3 trillion for 2011. Two wars, higher defense spending added about $2 trillion. The Stimulus about $700 billion. Figures from the analysis done by the Pew Fiscal Analysis Initiative using CBO numbers.
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CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
Washington Post 08/07/2011
Tom Keene Talks to Robert Skidelsky
BusinessWeek 07/28/2011
Why the Debt Crisis Is Even Worse Than You Think
BusinessWeek 07/27/2011
New York Times 08/13/2011
Forecast Clouds Debt-Cut Outlook
Wall Street Journal 08/25/2011
Haas calls Afghanistan a strategic distraction and calls for the redirection of resources. The $125 billion spent there each year should go to address national security goals in areas that need it badly-, to reduce the deficit finances which weakens the US, the growing threats from N. Korea and Iran's nuclear development, and modernization needs in defense.
Grouped Articles
In Pakistan, Echoes of American Betrayal
New York Times 07/31/2010
A Foreign Policy Flirting With Chaos
Wall Street Journal 04/30/2014
U.S. Exploring Deal to Limit Pakistan’s Nuclear Arsenal
New York Times 10/15/2015
Wall Street Journal 12/20/2010
Wall Street Journal 12/27/2010
U.S. efforts fail to convince Pakistan's top general to target Taliban
Washington Post 12/31/2010
Grouped Articles
Defense Industry Shrugs Off Early Cuts
Wall Street Journal 05/12/2013
Pentagon Lays Out Ways to Slash Spending
Wall Street Journal 08/01/2013
Pentagon Toils to Build a Bomber on a Budget
Wall Street Journal 11/04/2013
U.S. Military Eyes Cut to Pay, Benefits
Wall Street Journal 11/18/2013
The U.S. Military Needs Budget Certainty in Uncertain Times
Wall Street Journal 10/21/2015
Pentagon Cutbacks Force New Strategy at Rockwell Collins
Wall Street Journal 11/28/2011
Grouped Articles
Defense Industry Shrugs Off Early Cuts
Wall Street Journal 05/12/2013
Wall Street Journal 06/01/2011
New York Times 08/13/2011
Wall Street Journal 10/12/2011
Panetta Weighs Pentagon Cuts Once Thought Out of Bounds
New York Times 11/06/2011
Republicans Are Endangering National Security
New York Times 11/21/2011
Defense Secretary Gates and changing U.S. defense priorities that are affecting the defense industry.
Grouped Articles
Pentagon Lays Out Ways to Slash Spending
Wall Street Journal 08/01/2013
Pentagon Toils to Build a Bomber on a Budget
Wall Street Journal 11/04/2013
U.S. Military Eyes Cut to Pay, Benefits
Wall Street Journal 11/18/2013
Foreign Affairs 01/05/2009
New Pentagon Priorities Reshape Defense Business
Wall Street Journal 09/22/2009
Pentagon's Next Mission: Cutting Back on Spending
Wall Street Journal 07/09/2010
Grouped Articles
Amplified by Social Media, Insider Memoirs Make More Racket
New York Times 10/07/2014
Panetta tries to explain - The Washington Post
Washington Post 10/15/2014
How Hillary Clinton Became a Hawk
New York Times 04/21/2016
Wall Street Journal 04/29/2011
The Right Way to Trim Military Spending
New York Times 08/04/2011
New York Times 08/13/2011
Samuelson says that not asking some sacrifice from seniors and leaving Social Security and Medicare untouched as even the Ryan proposal does, means shrinking other social programs, defense and investments in education and infrastructure. This will be damaging for the U.S. Both parties and expecially the Democrats who accuse the Republicans of running "grandma under the bus," are to blame for this fear of both sides to come to grips with the issues. See the Washington Post editorial on Vice president Biden's comment "I flat guarantee you, no changes to Social Security," as downright disheartening and irresponsible at best and political pandering at worst.
Grouped Articles
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
Robert Samuelson: Ryan’s budget asks nothing of the elderly -; unfortunately - The Washington Post
Washington Post 08/16/2012
Robert Samuelson: Why Ryan might be right about Medicare - The Washington Post
Washington Post 08/20/2012
New York Times 08/19/2012
New York Times 08/23/2012
Grouped Articles
Pentagon Lays Out Ways to Slash Spending
Wall Street Journal 08/01/2013
U.S. Military Eyes Cut to Pay, Benefits
Wall Street Journal 11/18/2013
Pentagon's Next Mission: Cutting Back on Spending
Wall Street Journal 07/09/2010
This Is No Time to Cut The U.S. Army
Wall Street Journal 08/14/2015
The U.S. Military Needs Budget Certainty in Uncertain Times
Wall Street Journal 10/21/2015
Republicans Are Endangering National Security
New York Times 11/21/2011
A shift in mood to a smaller defense budget that can be sustained in the long run. Smarter spending as the solution to budget constraints in a deficit world.
Grouped Articles
Shrinking Budget Forces Army Into New Battlefield
Wall Street Journal 05/10/2013
Defense Industry Shrugs Off Early Cuts
Wall Street Journal 05/12/2013
Pentagon Lays Out Ways to Slash Spending
Wall Street Journal 08/01/2013
U.S. Military Eyes Cut to Pay, Benefits
Wall Street Journal 11/18/2013
The U.S. Military Needs Budget Certainty in Uncertain Times
Wall Street Journal 10/21/2015
Pentagon's Next Mission: Cutting Back on Spending
Wall Street Journal 07/09/2010
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