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Mar 26, 2012



You taxpayers signed Lockheed Martin up to a contract saying you would pay them $1.10 for every $1.00 they spend designing and building the F-35, and now after you've already paid them over $34 billion you want to back out of that deal? Well, which is more inane, backing out now and getting nothing for the $34 billion already spent or pressing on knowing the contractor will continue to jack up the price?

You lose either way. The contractor wins either way. They get to keep that $.10 profit on every dollar they spent, free and clear. No one goes to jail. No one is held accountable. After all, it was perfectly legal. No one forced you to sign that stupid contract. Eventually you'll want another fighter to replace the late, not-so-great, F-35 and who will you go to then, Boeing? And you'll give them the same kind of contract, guaranteeing them $1.10 for every $1.00 they spend. Then what will happen?

Do you really think that if you keep flopping back and forth between Lockheed and Boeing with that same kind of contract one of these days it's going to result in a good, well designed airplane delivered on time and on budget? And what's going to make them do that? The fact that suddenly they'll see the light and stop being motivated by profit? Yeah, that could happen. So keep trying the same thing over and over again, each time hoping for a better result and let me know how that works out for you.

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