Federal spending is once again in the news in Washington, with the government once again running up against its statutory borrowing limit. Much of the conversation and debate on Capitol Hill has surrounded entitlement and welfare spending. However, another culprit, the Department of Defense (DoD) has been putting an enormous strain on federal spending for years – especially as it pertains to earmarks. Sadly, this has gone largely without debate.
As congressional and administration officials decide how to address the nation’s finances going forward, this is a key opportunity to look at federal spending habits with a scrutiny that has been sorely lacking in recent years.
Following the Air Force’s decision to forego a new engine for the F-35, General Electric is taking its fight to Capitol Hill to keep the Adaptive Engine Transition Program alive.