Drugs and jet engines. What could go wrong?
/johnny
True. But the executive spends the money. If they don't, as Jefferson didn't for 5 ships that congress appropriated funds for but Jefferson felt were un-needed, that's the prerogative of the executive.
/johnny
We gotta make sure all the government cronies get all the perks they can and the entitlement folks get all the hand outs they want before we waste our money on things like DEFENSE.
GE supports Obama.
Screw ‘em.
Roast ‘em afterwards.
(Sorry, GE employees. I know you’ve got talent. However, your CEO is Obamabutt licking butthole who deserves to be placed at the afterburner of one of your engines - while it’s running.)
I guess in this case the destructive deficit spending is perfectly okay.
Govt waste = Someone else’s program.
At a time when we are $14 trillion in debt, the last thing we need is to fund is an alternate engine for the F-35.
The article states that they are waiting on the 2012 budget
Want to bet Obama-lama-ding-dong does a Jimmah Cahtah and the B-1?
Waste of money and eff GE. The USA is broke. Deal with it.
That BS even if it's true.
A CR ties the DoD's hands in so many ways because it doesn't have an approved FY11 budget. Pelosi and Reid did this on purpose, and left a mess for the Republicans. The CR freezes spending at the FY10 rate, and the DoD has (HAS) to pay for O&M because without doing so, it cannot operate day to day. If things were not bad enough, every service has been given about $30 Billion in "efficiencies" (read - CUTS!) it has to implement.
It doesn't matter what the "stance" of the CR is. There isn't any money for procurement dollars because the current FY budget is nonexistent. The well is completely dry.
If things were still not bad enough, we have another (read: 3rd) war going on right now.
If things still, still! were not bad enough, the DoD has to go to Congress with a "supplemental" request to pay for all the crap (including operating bills that exceeded the approved budget) that came up beyond the approved FY10 budget!
If they want "jobs" and such from the DoD teat - it needs its current budget finally approved. ALL procurement will soon come to a stop unless the CRs stop.
That is just reality.
CONgress also uses the DoD budget to fund lots of non-DoD things. They step out of their Constitutional role very often also.
The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.
Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E. The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies.
Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bespectacled, bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well. The team includes former officials not just from the Treasury, but also from the I.R.S. and virtually all the tax-writing committees in Congress.