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Tom Ricks vs. the Defense Bill

President Obama signed the 2010 defense appropriations bill into law this morning, following a brief bit of legislative theater by Republicans who wanted to

Jul 31, 2020
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President Obama signedthe 2010 defense appropriations bill into law this morning, following a brief bit of legislative theater by Republicanswho wanted to hold it hostage to delay health reform. Tom Ricks goes through the bill and finds it only marginally relevant to national security:
  • $2.6 billion for V-22 aircraft for the Marines and Air Force.I wish the Marines had just gone with the UH-60 Black Hawk two decades ago. Now the Marines have dug a hole that is killing the rest of their aviation. It makes me wonder whether the Marines, the smallest of the armed forces, should be in the business of technology innovation.
  • $1 billion for Navy F-18s.Lots of money for an airplane that is, well, yeeehh. Better spent on unmanned combat aircraft?**
  • $4.4 billion for two Navy destroyers and one littoral combat ship**.** Yow. Maybe it is time to start buying warships from South Korea, or at least invite competitive bids? Folks, this is billions, not millions. Imagine what $4.4 billion could do to rebuild our highways, or send deserving kids to college, or rebuild New Orleans.
I tell you, I’m sick of these hippies.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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