Maybe this debt crisis isn't such a bad thing after all. It's finally bringing some sanity to the Pentagon.
Three years ago, defense procurers criticized Lockheed Martin
Well, it just lost it. Staring down the barrel of defense spending budget cuts, and seeing little progress at Lockheed, the Pentagon put the program out to pasture. All work on the program will cease on Sept. 30.
Foolish takeaway
It's about dang time. We've known for three years that this project was bunk. We've known even longer that there were cheaper alternatives, such as the superfast, superlight "Ripsaw" tank (built by two guys in a garage in Maine for $200,000), or even ... actual mules. Yet according to Defense News, the Pentagon has spent the past seven years spending billions of dollars funding weapons projects like MULE that eventually ended in cancellation. With the U.S. government $14.3 trillion in debt, that's waste we cannot afford.
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