Quote:
Originally posted by Silver Snake:
Quote:
Originally posted by KnuKonceptz:
[b]Actually I am surprised the gov't would even buy from HD. Ever see the prices the gov't pays for certain items like the $100 hammer. That was the biggest joke a few years back.
Actually, the Gov't never pays like that. The infamous $100 Hammer and $500 Toilet never really happened. They buy a $10 hammer , claim it was $100 and put the extra 90 towards black-programs. How do you think the Stealth Fighter/Bomber programs (500Billion) [/b]
You're pretty close with your description in which the funds are hidden, but it is more often than not a product of an underbid contract. For instance, Boeing decides they want in on military bomber production. They bid a ridiculously low offer for the production of the actual aircraft, but then they make up for the low bid with excessively high tooling costs. It doesn't hit the cost of production for the supplier because the govt will own the tooling. That is where the $100.00 hammer came from.