- After Donald Trump recently stated that the F-35 costs were “out of control,” U.S. Air Force Lt. General Chris Bogdan, who is in charge of the project, issued a press release to give out his view of reality.
- The general said that the cost to build a new F-35 would range from $102.1 million for the Air Force version to $132 million for the Marine and Navy versions.
- But these costs do not include the costs to make and buy maintenance equipment and other support needs nor do they include the need to fix unforeseen problems which undoubtedly arise in a new plane.
- Estimating these additional costs moves the cost of the Air Force version up to $157 million per plane and the upwards of $355 million for a single navy or Marine version of the same plane, more than a third of a BILLION dollars for a single plane.
- These are much higher costs than what was originally sold to Congress and the American taxpayer: the Congressional Research Service reports that in 1994 the Pentagon promised that the final cost of the F-35 would range from $31 million to $35 million each, or in 2017 dollars, the cost per plane would be $53 million to $60 million.
- This is a far cry from what is actually happening today where a single plane could cost hundreds of millions of dollars.
- Back in 1940, 76 years ago, at the end of the Great Depression, 40% of millennials were living at home, which one might expect in such a difficult economic time.
- Today, six years into the Obama economic recovery, just under 40% of millennials are living at home, just short of the record set back in the waning days of the Depression.
- This data comes from an analysis of census data carried out by the real estate tracker Trulia and reported in the Wall Street Journal.
- Back in 2005, about one in three millennials were living with family but again, six years into the Obama recovery, that number is still ridiculously high at about 40%.
- This runs counter to historical economic cycles where this number always went down once a recession ended, indicating how bad Obama’s economic policies and strategies have been.
- In fact, over the past decade, including the six years of the Obama recovery, the number of adults under the age of 30 has increased by 5 million but the number of households for that age group has grown by just 200,000 in that same time frame according to the Harvard Joint Center For Housing Studies.
- According to Meyer, IRS employees spent $1.l4 million of taxpayer wealth on lavish travel arrangements.
- A Senate committee investigation found these travel options by IRS employees “to be excessive and inappropriate.”
- The committee found that “the IRS had 27 employees who traveled 125 business days at a cost of more than $1.4 million in fiscal year 2015. The average cost of each trip totaled $52,800...”
- In fact, one employee ran up $72,544 in hotel costs, spending an amazing $43,726 just at the Ritz-Carlton hotel in Arlington,Virginia while another IRS employee spent half a year living at the Grand Hyatt in Washington DC at a taxpayer cost of $38,799.
- Another IRS employee decided to avoid hotels and spent $4,950 a month to stay at a million dollar townhouse in Arlington,Virginia while another IRS employee rented a downtown Chicago apartment on taxpayer dollars at $4,605 a month.
- Other outrageous costs included “a $100 Uber Black car service tab for an airport ride. One employee spent $1,513 on dry cleaning, another spent $178 per month for a cable bundle that included premium channels, and another employee spent $1,185 for a monthly metro pass—which exceeded the daily commuting cost from their lodging to the IRS headquarters.”
- The Senate report concluded that: “The lodging selected by these employees often appeared to be excessive and inappropriate. The committee also notes that there were a number of instances where vouchers and/or receipts appeared to be missing when compared to the initial aggregate IRS data for all employees traveling more than half a year. The committee found that while the IRS has a number of employees who travel more than half of the fiscal year incurring $1.4 million in travel costs, the IRS has routinely failed to take allowable steps to reduce its travel expenditures. The lack of effort by IRS employees to exercise prudence and economy when utilizing taxpayer funds is concerning, and more importantly, a direct apparent violation of the [Federal Travel Regulation].”
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