Government Report Reveals Fiscal Black Hole That Threatens to Get Even Bigger

- June 4, 2026
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Treasury Secretary Scott Bessent acknowledged Wednesday that he threatened to “kick ass” during a heated confrontation last year, while firmly denying reports that he threatened to punch the now-acting Director of National Intelligence “in the face.”

The unusual exchange emerged during a Senate Finance Committee hearing, where Sen. Thom Tillis (R-NC) pressed Bessent about reports surrounding a confrontation between the two Trump administration officials during the summer of 2025.

According to Bessent, one key detail in the widely circulated account was inaccurate.

While he denied threatening.

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Seijah Drake was born in Boston, MA, where she developed a penchant for writing early on and a passion for politics in college. After college she worked briefly for a conservative media in New York before relocating to the Greater D.C. Area to pursue a career in political marketing. She now resides in the free state of Florida.

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The federal government will spend more on defense next year. It doesn’t matter which party controls Congress – the Biden administration wants to kick spending up to $813 billion, congressional Republicans want a little more.

What are we getting for all that money? According to data in a January 2022 report from the Congressional Budget Office, two-thirds of the defense budget goes to “operation and support” – which includes things like maintenance and personnel costs – and a third toward buying equipment and research and development on new systems.

It’s inside that third of the budget where some of the real problems lie – problems that reflect not just on the Defense Department’s ingrained insistence on pursuing new weapons, costs be damned, but Congress’ seeming reluctance to act as effective stewards of the taxpayers’ money.

A case in point: the much-troubled, and increasingly expensive, F-35 Lightning II Joint Strike Fighter. On paper, it’s a transformative piece of equipment with almost sci-fi levels of tech.

But according to a recent report from the Government Accountability Office, the F-35 is still largely untested, and its costs continue to rise – a real concern considering the program is currently estimated to cost “$1.7 trillion to buy, maintain, and operate.”

One might think with so much taxpayer money on the line, the DoD would make sure its new fighter was safe and reliable before making a major purchase order. Nope. As the GAO found, it’s just the opposite. The DoD hasn’t given the green light to put the fighter into full production due “largely from problems and delays developing the F-35 simulator, needed for crucial testing.” And there’s currently no timeline for when such testing might get started.

No testing? Surely that’s going to be fixed before the purchase orders start flowing right? Wrong:

DOD is planning on acquiring up to 152 aircraft per year. At that rate, DOD would purchase about one-third of all planned F-35 aircraft before achieving this production milestone, which increases risk.

What does that mean?

For example, it means that more aircraft will need to be fixed later if more performance issues are identified, which will cost more than if those issues were resolved before those aircraft were produced.

Is this just a case of bureaucratic nerves getting in the way of cool new weapons? Nope:

At the same time that DOD is purchasing aircraft at these high rates, those that are already in the fleet are not performing as well as expected.

And if that isn’t enough, there are the increasing delays in updating the aircraft’s hardware and software:

DOD is also 4 years into development of its modernization effort, known as Block 4, which is continuing to experience cost growth and schedule delays. Block 4 costs continued to rise during 2021 due to higher costs associated with upgrading crucial hardware and testing upgrades, among other things. The program office extended Block 4 development and delivery into fiscal year 2029—which is now 3 years beyond the original plan…

And so on. The bottom line is that for all the gee-whiz stuff associated with the F-35, it’s also a fiscal black hole. In fairness, it’s not the first weapons system to run into runaway costs and lengthy delays. It’s also true that some of these earlier programs were canceled or greatly scaled back.

Which gives us hope that, even though the Pentagon has its checkbook ready to buy a slew of F-35s ASAP, the GAO report may spur Congress to exercise some effective oversight.

It’s time they do. While the Constitution requires the federal government to “provide for the common defense,” there is no section or clause saying it must be done regardless of cost.

READ NEXT: The Mountain of Debt Looming Behind State Budget ‘Surplus’ Headlines >>

The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News.

Norman Leahy has written about national and Virginia politics for more than 30 years with outlets ranging from The Washington Post to BearingDrift.com. A consulting writer, editor, recovering think tank executive and campaign operative, Norman lives in Virginia.

Picture of Norman Leahy

Norman Leahy

Norman Leahy has written about national and Virginia politics for more than 30 years with outlets ranging from The Washington Post to BearingDrift.com. A consulting writer, editor, recovering think tank executive and campaign operative, Norman lives in Virginia.

3 Comments
    CharlieSeattle

    I once a excellent Product Design Checker would rise to the challenge to fix the F-35. Alas, I am happily retired. But $200/hour might get me out of my Lazy Boy.

    Walter

    This is very false article and with that, I ask you to remove my from your email list

    Michael B Wilson

    The F-35 was a mistake. A single engine of a fighter is a no-go.

Comments are closed.

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