A New High, A New Low

But a billion here and there adds up, with the F35 program cost ballooning from $219 billion (1997) to $395 billion (2012) and counting. Even after the Pentagon finally strong-armed Lockheed into serious cost control a few years ago, and significantly cut the number of planes it will buy, the total lifetime cost of the F35 looks to be, optimistically, $1.02 trillion.

All of the figures in the previous paragraph are so enormous that they cease to have any real meaning – they’re unimaginable. To bring them down to earth, the World Peace Foundation decided to have a concrete look at what else that money could have bought:

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