Eric Palmer blog has the full story you can read here....but a juicy tidbit....
Other areas he mentioned were reducing the number of municipal companies paid for by the state, fighting tax evasion and cutting 150 million euros of spending that had been earmarked for the F-35 fighter.I made the call earlier but stick with it. The death spiral is already here, they're just using fancy accounting gimmicks to keep it from being fully realized.
Renzi did not give details on the "review" of spending for the jets. Italy now has committed to ordering 90 of the planes for about 12 billion euros, but some in his party have said the order should be halved.
Additionally the pain for the program is just beginning. They can't get costs down and soon or later tens of thousands of servicemen and millions of vets are going to wake up to the fact that people are being sacrificed on the altar of the F-35.
Without this one program our entire defense procurement agenda, for ALL THE SERVICES, would be totally different.
It's nice to know where that Euro Bailout money is going. Although they're talking of cutting back it's still absurd for Italy to be buying a $304 million aircaraft.
ReplyDeleteyeah it is. even without receiving bailout money its craziness. the only thing that is worth that amount of money is the Death Star or maybe an Imperial Cruiser or two.
DeleteIf they wanted a death star they could have just built a Pentagon. Those things are great at fucking things up.
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