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Saturday, January 06, 2007

Ponder This

Recently I saw a post regarding the cost of a new American fighter jet projected at $275 Billion over ten years. Some believe that this is an extreme cost for a highly advanced fighter jet and a waste of tax payer money.

I started reading a new economics book (Freakonomics) today and came across a few other American expenditures (page 10) that may put the jets overall cost into prospective.


New fighter jet Annual costs (for ten years)...........................................................$27.5 Billion
2003 Ford Motor Co. annual sales and revenue....................................................$138.4 Billion
American annual expenditures on chewing gum ...................................................$1 Billion
American annual expenditures on political campaigns ..........................................$1 Billion

I will concead to the fact that we Americans spend "stupid" money when we could fund efforts to solve that which we complain about.

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