Dec 12, 2005
The Pentagon announced that it is going ahead with the development of eight new DDX destroyers. Those eight new destroyers will cost 2.5 billion dollars each – a price that, no doubt, will double or triple in the years to come if these Northrop Grumman and General Dynamics contracts go as usual.
Meanwhile the federal government is getting ready to cut 50 billion dollars from programs for the poor and elderly, such as Medicaid, Medicare and food stamps. Just the cost of one of those eight destroyers would pay for a big part of the cuts they proposed.
This country spends more on the military than the rest of the world combined – and companies like Boeing, Northrop and General Dynamics profit mightily from it.