Grand Danois
Entertainer
ROFL! Saving 7.7 bn USD a year on the F-35 is gonna save the US economy!!!
That's about 6% of current DoD procurement. Fighter recap has historically been 10% of DoD procurement.
But I guess those 11 carriers will sail with no fighter jets and so will the amphibs. And the USAF will have a fighter fleet consisting of 183 F-22A; the average age of the fleet is currently 26 years.
Man, this could be a great pretext for discussing the current outlook of the US economy, tough I barely have the time this week. I guess others will have to dig up the data.
Here's a good start.
http://www.oecd.org/document/61/0,3343,en_2649_34573_2483901_1_1_1_1,00.html
Btw, Stigmata - national economics doesn't work like household economics. First you need to find out net debt, not gross. You'll have to find out public fiscal deficit as % of GDP, you need to look at growth and potential growth and relate it to growth in debt. You have to take into account at what point in the cycle the US econ is to get an idea of imbalances. There are so many other things that can be tweaked, like increasing retirement age.
You could then compare this to Europe and you will find absolute horror on all counts!
Except in Denmark, of course , which went 0.0% in public debt as percentage of GDP this spring and talk is of using the fiscal surpluses for setting up a SWF - like Norway. We also had a law passed last year which regulate retirement age as % of workforce and have a massive private and public savings for retirement.
And that's in a goldplated welfare state.
That's about 6% of current DoD procurement. Fighter recap has historically been 10% of DoD procurement.
But I guess those 11 carriers will sail with no fighter jets and so will the amphibs. And the USAF will have a fighter fleet consisting of 183 F-22A; the average age of the fleet is currently 26 years.
Man, this could be a great pretext for discussing the current outlook of the US economy, tough I barely have the time this week. I guess others will have to dig up the data.
Here's a good start.
http://www.oecd.org/document/61/0,3343,en_2649_34573_2483901_1_1_1_1,00.html
Btw, Stigmata - national economics doesn't work like household economics. First you need to find out net debt, not gross. You'll have to find out public fiscal deficit as % of GDP, you need to look at growth and potential growth and relate it to growth in debt. You have to take into account at what point in the cycle the US econ is to get an idea of imbalances. There are so many other things that can be tweaked, like increasing retirement age.
You could then compare this to Europe and you will find absolute horror on all counts!
Except in Denmark, of course , which went 0.0% in public debt as percentage of GDP this spring and talk is of using the fiscal surpluses for setting up a SWF - like Norway. We also had a law passed last year which regulate retirement age as % of workforce and have a massive private and public savings for retirement.
And that's in a goldplated welfare state.