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Our Opinion

Our opinion: Contract bonus

March 10, 2010

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.

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Our opinion: Desperate measure

March 9, 2010

The old saying goes: Desperate times call for desperate measures.

For Pennsylvania and a number of other states, that time appears to be now.

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Our opinion: Doing it right

March 8, 2010

Recently, The Bradford Era has run a series of stories concerning the City of Bradford’s problem with blighted propertie.

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Our opinion: Rushing it

March 5, 2010

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.

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Our opinion: Discipline in House

March 4, 2010

U.S. Rep. Charles Rangel, D-N.Y.

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Our opinion: No incentive

March 3, 2010

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.

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