The Great Sequester Hoo-Hah is upon us!

A quick rundown of stories I collected today reads like a dipstick plunged into the perpetual engine of wealth reallocation, which is exactly what the defense budget is, has been and will be so long as the Two-Party collaboration drapes its political fortunes with the flag.

>>There’s gold in them-thar overruns!

The F-35 anti-radar jet is seven years behind schedule. Project cost: $395.7 billion
http://www.bloomberg.com/slideshow/2013-02-19/ten-giant-weapons-in-the-pentagon-s-shrinking-budget.html

Ships Leaking $37 Billion Reflect Eisenhower’s Warning
http://www.bloomberg.com/news/2013-02-21/ships-leaking-37-billion-reflect-eisenhower-s-warning.html

>>Watchdogs bark and then nibble.

Lockheed agrees to $19.5 mln class-action accord: court papers
http://www.reuters.com/article/2013/02/20/lockheed-settlement-idUSL1N0BK56D20130220

>>Don’t worry. Be happy (and modernized)!

Lockheed awarded F-22 modernization contract worth up to $6.9 bln
http://in.reuters.com/article/2013/02/20/lockheed-f-idINL1N0BKDA820130220

>>No, really. We are running out of money.

Pentagon informs Congress of plans to furlough 800K civilian workers
http://thehill.com/blogs/defcon-hill/operations/283981-pentagon-tells-congress-it-will-furlough-800k-civilian-workforce

U.S. Army Pressures Congress With State-by-State Effects of Sequestration
http://www.defensenews.com/article/20130221/DEFREG02/302210007/U-S-Army-Pressures-Congress-State-by-State-Effects-Sequestration

>>Who wants to play a game of Chicken-Hawk?

Defense-Cut Hypocrisy Makes GOP Converge With Democrats
http://www.bloomberg.com/news/2013-02-20/defense-cut-hypocrisy-makes-gop-converge-with-democrats.html

Meet 6 Politicians Getting Rich from America’s Endless Wars
http://www.alternet.org/news-amp-politics/meet-6-politicians-getting-rich-americas-endless-wars

>>Whisper words of wisdom, let it be.

If No Deal is Struck, Four-in-Ten Say Let the Sequester Happen 
http://www.people-press.org/2013/02/21/if-no-deal-is-struck-four-in-ten-say-let-the-sequester-happen/

by The Newsvandal