Senator John McCain, the top Republican on the Senate Armed Services Committee, said billions of dollars could be saved from the defense budget by cutting lawmakers’ pet projects, known as earmarks, and fixing troubled arms programs.
McCain told a foreign policy forum on Monday that he is confident Defense Secretary Robert Gates will be able to cut $100 billion from the defense budget over the next five years to fund personnel costs and keep weapons programs on track.
He cited several big arms programs that were over budget and behind schedule, saying they presented further opportunities to save money.
He said the Lockheed Martin Corp F-35 fighter program, now projected to cost $382 billion, was one example, saying it was “unacceptable” that the cost of each fighter jet was now double what was initially planned.
Axe the most expensive defense program ever — sounds like a good idea. But the Israelis will be disappointed. Maybe this says something about why the Obama administration is offering F-35 squadrons as though it was handing out candy.