About ten years ago, the Pentagon decided that they should develop a single new aircraft, with versions for the Air Force, Navy and Marines, to replace a really aging fleet. The project is the F-35 fighter.
The original price was to be $69 million each. The fighter isn't close to operational yet, but the current price is $156 million each.
We ordered 2,443 of these planes. You can do the math.
And by the way, these planes will cost about 35% more to operate than the planes it replaces.
Do you still think there is no money to reduce the budget?