The Next Enron? Pentagon Bankruptcy Could Lead to Global Crisis

Saturday, April 9, 2016
By Paul Martin

SputnikNews.com
09.04.2016

As the Pentagon spends billions on wasteful products, it risks a major financial calamity that threatens global stability.

The infamous F-35 fighter program has been a financial boondoggle. Already costing over $1 trillion to develop, the US Air Force is about to spend another $500 million to upgrade hangar facilities at the first air base chosen to host the new aircraft. With one aircraft barely off the ground, the Pentagon is prepared to spend another estimated $55 billion to produce a next-generation bomber.

It’s unfettered spending like this that leads Col. John A. O’Grady to compare the Pentagon to failed companies like Enron and Lehman Brothers.
“Today, the [US] Defense Department is in alarmingly similar straits – except that the stakes are far higher,” he writes for Defense One.

“If the nation should become unwilling or unable to fund a military that can remain globally present, the effects on global stability would be similar to that of the failure of financial giants and mainstays on the world’s economy: devastating.”

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter