Cost Overruns comes up in 3 chapters across 3 episodes of The No Agenda Show, from February 2009 to April 2022.
Boeing reported significant losses on its defense contracts, including the new Air Force One planes. The losses are attributed to a fixed-price deal negotiated by Donald Trump, which requires Boeing to cover any cost overruns themselves. This departure from traditional military-industrial complex accounting, where taxpayers typically cover overruns, is praised as a rare win for fiscal accountability.
Military Procurement Waste, Gerald R. Ford Aircraft Carrier
Senator John McCain criticized massive cost overruns in military projects, specifically citing the $2.4 billion excess spent on the USS Gerald R. Ford aircraft carrier. He also noted the F-35 fighter jet program has tripled in cost compared to original estimates. McCain advocated for fixed-cost contracts to prevent defense contractors from lowballing bids and then escalating prices.
Presidential Helicopter Fleet Cost Overruns
The project to replace the presidential helicopter fleet has seen its budget balloon from $6 billion to over $11 billion for just 28 aircraft. The hosts question how the cost per unit can reach such extremes, suggesting the funds may be covering secret development costs or general government waste.
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