RonPaulGetsIt
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the only site that matters is ronpaul2008.com - people are free to make a dump the war or dump the police state site if they so choose
Inflation Tax By Itself Is A Horrible Idea
- Thread starter rebelforacause
- Start date
the only site that matters is ronpaul2008.com - people are free to make a dump the war or dump the police state site if they so choose
weatherbill
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- Jun 19, 2007
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speaking of inflation...........
Friday, November 09 2007 6:43 AM, EST
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House Passes $459 Billion Defense Measure: Spending Bill That Would Benefit State Industry Heads For Senate [The Hartford Courant, Conn.]
Knight Ridder/Tribune "Business News "
Nov. 9--The U.S. House of Representatives approved a $459 billion 2008 defense spending bill on Thursday that provides billions of dollars for aircraft, submarines and other military products made or in development by Connecticut companies.
Passage of the bill was a major victory for Groton's Electric Boat, in particular, as it included enough money $3.1 billion for Navy and submarine contractors to prepare for doubling annual production of Virginia Class attack subs as early as 2010. [See story Page B9.]
The bill, which still requires approval by the Senate and President Bush, also perpetuates a struggle between two giant Connecticut-based corporations, United Technologies and General Electric, over jet engines for the F-35 Joint Strike Fighter.
For the second year in a row, Congress added money for an alternate engine that GE is developing with Rolls-Royce, but which the Defense Department doesn't want.
UTC's Pratt & Whitney unit the primary engine provider for the joint strike fighter has been trying to kill the other engine program and secure a monopoly.
The multi-version Joint Strike Fighter, also known as the F-35 Lightning II, is the military's latest supersonic fighter jet, intended for use by the Air Force, Navy, Marines and foreign allies.
The spending bill passed by a vote of 400-15. It represents an 9.5 percent increase over last year's version, according to Congressional figures. It does not include spending for the wars in Iraq and Afghanistan, which are appropriated separately.
The $3.1 billion in submarine funding, $588 million more than proposed by President Bush, will allow the Navy and its contractors to start acquiring major components of what would be the second sub of 2010 or 2011.
It is not likely to mean new hiring at EB, but will help "stabilize" employment there, company President John Casey said in a conference call after Thursday's vote.
Pratt & Whitney downplayed the significance of renewed support for the rival Joint Strike Fighter engine, saying it would have no near-term consequences for Pratt. The East Hartford company remains the fighter program's lead engine provider and is years ahead of the GE-Rolls team.
Pratt has already delivered 11 ground-test and four flight-test engines for the Joint Strike Fighter, which is expected to cost U.S. taxpayers about $277 billion for 2,443 aircraft over more than 20 years.
Bill Gostic, Pratt's vice president for Joint Strike Fighter programs, said the company remains on schedule to deliver the first production engines in early 2009, three years ahead of GE. The first production aircraft is due later in 2009.
GE spokesman Rick Kennedy said the bill approved Thursday would not only keep the second engine program alive, but on schedule, too. Although there are no guarantees of further funding, GE believes Congress will have invested too much in its engine to justify eliminating it.
"The closer you get to the flight test program, why would you forfeit all that investment?" Kennedy said.
The bill includes a lot of money for aircraft powered by Pratt engines, including more than $10 billion for the F-22A Raptor, the Joint Strike Fighter and the C-17 Globemaster. It also provides more than $2 billion for procurement of 52 Black Hawk helicopters made by Sikorsky Aircraft of Stratford, also a UTC subsidiary, and 45 Black Hawk variants for the Navy.
The bill also provides funding that benefits many smaller Connecticut companies and research institutions. According to members of the state's Congressional delegation, funding included:
--$105.8 million to Colt Defense of West Hartford for M-4 carbine rifles.
--$3.2 million to Z-Medica of Fairfield for research and development of hemostatic agents.
--$3 million to Distributed Energy Systems of Wallingford for research and development of a regenerative fuel cell system.
--$2.4 million to VaxInnate of New Haven for research and development of a synthetic malaria vaccine.
--$1.6 million for the University of Connecticut to research sensors that track soldiers' health.
--$1 million to Pioneer Aerospace of South Windsor for research and development of a new fighter aircraft ejection seat.
Contact Eric Gershon at .
To see more of The Hartford Courant, or to subscribe to the newspaper, go to http://www.courant.com/.
Friday, November 09 2007 6:43 AM, EST
--------------------------------------------------------------------------------
House Passes $459 Billion Defense Measure: Spending Bill That Would Benefit State Industry Heads For Senate [The Hartford Courant, Conn.]
Knight Ridder/Tribune "Business News "
Nov. 9--The U.S. House of Representatives approved a $459 billion 2008 defense spending bill on Thursday that provides billions of dollars for aircraft, submarines and other military products made or in development by Connecticut companies.
Passage of the bill was a major victory for Groton's Electric Boat, in particular, as it included enough money $3.1 billion for Navy and submarine contractors to prepare for doubling annual production of Virginia Class attack subs as early as 2010. [See story Page B9.]
The bill, which still requires approval by the Senate and President Bush, also perpetuates a struggle between two giant Connecticut-based corporations, United Technologies and General Electric, over jet engines for the F-35 Joint Strike Fighter.
For the second year in a row, Congress added money for an alternate engine that GE is developing with Rolls-Royce, but which the Defense Department doesn't want.
UTC's Pratt & Whitney unit the primary engine provider for the joint strike fighter has been trying to kill the other engine program and secure a monopoly.
The multi-version Joint Strike Fighter, also known as the F-35 Lightning II, is the military's latest supersonic fighter jet, intended for use by the Air Force, Navy, Marines and foreign allies.
The spending bill passed by a vote of 400-15. It represents an 9.5 percent increase over last year's version, according to Congressional figures. It does not include spending for the wars in Iraq and Afghanistan, which are appropriated separately.
The $3.1 billion in submarine funding, $588 million more than proposed by President Bush, will allow the Navy and its contractors to start acquiring major components of what would be the second sub of 2010 or 2011.
It is not likely to mean new hiring at EB, but will help "stabilize" employment there, company President John Casey said in a conference call after Thursday's vote.
Pratt & Whitney downplayed the significance of renewed support for the rival Joint Strike Fighter engine, saying it would have no near-term consequences for Pratt. The East Hartford company remains the fighter program's lead engine provider and is years ahead of the GE-Rolls team.
Pratt has already delivered 11 ground-test and four flight-test engines for the Joint Strike Fighter, which is expected to cost U.S. taxpayers about $277 billion for 2,443 aircraft over more than 20 years.
Bill Gostic, Pratt's vice president for Joint Strike Fighter programs, said the company remains on schedule to deliver the first production engines in early 2009, three years ahead of GE. The first production aircraft is due later in 2009.
GE spokesman Rick Kennedy said the bill approved Thursday would not only keep the second engine program alive, but on schedule, too. Although there are no guarantees of further funding, GE believes Congress will have invested too much in its engine to justify eliminating it.
"The closer you get to the flight test program, why would you forfeit all that investment?" Kennedy said.
The bill includes a lot of money for aircraft powered by Pratt engines, including more than $10 billion for the F-22A Raptor, the Joint Strike Fighter and the C-17 Globemaster. It also provides more than $2 billion for procurement of 52 Black Hawk helicopters made by Sikorsky Aircraft of Stratford, also a UTC subsidiary, and 45 Black Hawk variants for the Navy.
The bill also provides funding that benefits many smaller Connecticut companies and research institutions. According to members of the state's Congressional delegation, funding included:
--$105.8 million to Colt Defense of West Hartford for M-4 carbine rifles.
--$3.2 million to Z-Medica of Fairfield for research and development of hemostatic agents.
--$3 million to Distributed Energy Systems of Wallingford for research and development of a regenerative fuel cell system.
--$2.4 million to VaxInnate of New Haven for research and development of a synthetic malaria vaccine.
--$1.6 million for the University of Connecticut to research sensors that track soldiers' health.
--$1 million to Pioneer Aerospace of South Windsor for research and development of a new fighter aircraft ejection seat.
Contact Eric Gershon at .
To see more of The Hartford Courant, or to subscribe to the newspaper, go to http://www.courant.com/.
rebelforacause
Member
- Joined
- Nov 4, 2007
- Messages
- 84
pointing the Ron paul's main page works best. Their are so many issues that those who aren't familiar with him would identify with.
READ the Hope for America slim jim and you will see 5-6 of them
http://www.ronpaul2008store.com/servlet/Categories?category=Slim+Jims
READ the Hope for America slim jim and you will see 5-6 of them
http://www.ronpaul2008store.com/servlet/Categories?category=Slim+Jims
