The Next Enron? Pentagon Bankruptcy Could Lead to Global Crisis

By Sputnik News

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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.