Thursday, February 2, 2012

A Model of Inefficiency

February 2, 2012

Here’s a dilemma: The F-35 Lockheed jet, an advanced fighter jet, is years behind its development schedule and billions of dollars over budget.  One senator claims that part of the problem is that the Defense Department wants more bells and whistles than the plane actually needs; but the project won’t get killed outright because the kinks are close to being worked out and, more importantly from a legislative point of view, if they stop production, thousands of real and potential jobs will be lost.

No word on what would happen to the jobs if they designed something that actually worked and put that into production.

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