Little “Fighter” That Couldn’t: Moral Hazard and the F-35
By Tony Carr
March 16, 2015
As Air Force senior officials prepare for posture hearings this week with the House and Senate Armed Services Committees, the subject of modernization promises to be front and center. Core to that discussion will almost certainly be the limping, $1.4 trillion F-35 program.
Belying the conventional wisdom, which touts the Joint Strike Fighter as something of a futuristic aerial Swiss army knife, the F-35 is proving to be little more than a dull, bent, and unwieldy butter knife — a jack of no trades, master of only one: burning through taxpayer dollars at a rate that would embarrass Croesus.