Our opinion: Contract bonus
Ever wonder how Washington manages to spend so much of our money so inefficiently? Here’s how: A new warplane, the F-35 Joint Strike Fighter, is being developed for the U.S. armed forces. It was supposed to have been ready for use by 2013. The initial estimate of the cost of developing and building 2,400 F-35s just a few years ago was $209 billion. By a few weeks ago, the cost estimate had rocketed to $300 billion. Don’t expect delivery of the jets until 2015, Air Force Secretary Michael Donley told members of Congress this week. And oh, by the way, the F-35 project cost probably will be significantly higher than current estimates, Donley added. How did this happen? The two-year delay occurred after the Defense Department uncovered problems with the F-35 contract. Last month Defense Secretary Robert Gates announced that $614 million in “performance bonuses” will be withheld from the lead contractor, Lockheed Martin Corp. Gates also said $2.
» Full StoryOur opinion: Desperate measure
The old saying goes: Desperate times call for desperate measures.
For Pennsylvania and a number of other states, that time appears to be now.
Our opinion: Doing it right
Recently, The Bradford Era has run a series of stories concerning the City of Bradford’s problem with blighted propertie.
» Full StoryOur opinion: Rushing it
President Barack Obama wants Congress to vote quickly on his “new” health care proposal. Of course he does: Obama fears that if Americans are given time to learn about his idea, they won’t like it.
» Full StoryOur opinion: Discipline in House
U.S. Rep. Charles Rangel, D-N.Y.
» Full StoryOur opinion: No incentive
The Federal Home Loan Mortgage Corp. — Freddie Mac — lost nearly $26 billion last year, it was revealed last week. That makes a total of nearly $80 billion in losses for the mortgage company.
» Full Story




