“The GAO notes that it would be more cost-efficient to hold off on buying F-35s until they are operationally tested than it would be to pay for the aircraft now and upgrade them later.
But, of course, when did cost efficiency and the military go hand-in-hand? There’s a reason Lockheed Martin brags about building parts of the F-35 in 48 different states, and that’s not because it saves money. The F-35 has been as much an expensive make-work program for military contractors as it has been a vital part of America’s national defense—and in that regard the cost overruns and eventual upgrades might be seen as a feature rather than a bug.
Production of the F-35 fighter was originally supposed to cost about $200 billion, but the price tag has already ballooned to about twice as much. Recently, Lockheed Martin warned that supply chain issues and inflation could cause further delays and cost overruns. Monday’s GAO report confirmed that construction is running behind schedule, with about 28 percent of the 553 completed jets having been delivered late.”
“Homelessness is a major issue in the U.S., and is inherently intertwined with the cost of housing. In fact, in a recent poll, respondents from the 20 metro areas that experienced the largest population growth between 2010–2019 listed both the cost of housing and homelessness as their top two concerns, and by almost identical margins (86 and 87 percent, respectively). The average cost of rent has increased nearly 20 percent within the last year alone, and since 2001, in nearly every state, rents have risen at a faster rate than incomes.
But simply offering rental assistance without a simultaneous increase in the supply of housing would only serve to exacerbate the cost problem, as a larger amount of money would chase after the exact same amount of inventory. In fact, the U.S. is currently as many as 5 million houses short of meeting estimated demand.
Of the roughly $150 billion which the Build Back Better Act appropriates toward housing, more than half is put toward dubious use, via rental assistance programs. About a third of that portion, though, is specifically tailored toward the construction or rehabilitation of more affordable housing units to increase the overall supply, which could help drive down costs.”
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“The Build Back Better Act does fund the establishment of a “competitive grant program,” the Unlocking Possibilities Program, to incentivize “streamlining regulatory requirements and shorten[ing] processes, [and] reform[ing] zoning codes.” As with any grant program, its efficacy will be dictated by its implementation, but with more than $4.26 billion appropriated, there is plenty of breathing room to potentially make a difference.
In an ideal scenario, of course, there would be as few zoning restrictions as possible, allowing developers to simply respond to the needs of the community without requiring the government’s stamp of approval. While public funding to incentivize a reduction or simplification of red tape is better than the status quo, it is still not a perfect solution.”
“Sanders’ Medicare for All bill calls for no copays and no premiums and effectively outlaws private insurance as we know it. It is substantially more generous than Taiwan’s system, which means it would be substantially more expensive.”