ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW
Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!
This pretty much sums up the state of the US economy....
"Trillions of dollars of taxpayer money has been wasted and all we have to show for it is a meager 2.2% GDP. Most of that GDP improvement came from additional stimulus efforts via cash for clunkers and an improvement in low-end housing prices thanks to huge tax credits. Both housing and autos are destined to die on the vine. There is no lasting pent-up demand.
Spending money we do not have, borrowed into existence on the backs of future taxpayers, can never produce a recovery. The current improvement in economic conditions is simply an illusion, like Swiss cheese without the cheese. Take away the stimulus cheese all you have is holes. That unfortunately is the true state of this recovery."
I guess our gov't doesn't want us getting too depressed about our economy. Why else do they keep talking as if things are looking good? I'm taking my retirement investments out of stocks before the second bear market comes.
__________________ "No one walking this earth knows what is truly righteous"
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!
Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account including Removing All Ads During Your Experience Here At Our Forum.
NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98
McCain and Sen. Carl Levin, D-Michigan and the chairman of the Senate Armed Services Committee, said the cost of 95 major weapons systems -- ships, aircraft and armored vehicles -- have ballooned by a total of 30 percent in recent years, to about $1.3 trillion. The senators announced an effort, including legislation, to rein in that spending and tighten Defense Department oversight.
With U.S. troops fighting two wars overseas and personnel costs dominating the defense budget, "We're facing a train wreck," said McCain, the ranking Republican on the committee and the GOP's presidential candidate in 2008.
The G.A.O. estimated that cost overruns on 23 weapon systems it studied in April came to $23 billion. In addition, there were delays of at least a year in delivering these weapons, with some programs running as much as four years late, like the Army’s $130 billion Future Combat Systems to provide soldiers new computerized ground equipment.
The Government Accountability Office reported last week that 96 of the Pentagon's biggest weapons contracts were over budget by a "staggering" figure of $296 billion.
A bill in Congress would require the Pentagon to do a better job of making sure proposed weapons are affordable and perform the way they should before the military spends big sums on them. The Defense Department has already adjusted its acquisitions policy to achieve some of those
“We like to say that dependability is more important than ability,” Bill Belichickism....