2 ms·
I don't understand why the article is titled "the myth [...]". It's exactly what it sounds like. The US "spent" (imo: handed out) $600 per hammer. It doesn't ma
by culi 3y ago
I don't understand why the article is titled "the myth [...]". It's exactly what it sounds like. The US "spent" (imo: handed out) $600 per hammer. It doesn't matter if it was one hammer or the average price of many hammers.
This is a repeating pattern. See also the $10k toilet seat:
https://www.washingtonpost.com/business/capitalbusiness/the-air-forces-10000-toilet-cover/2018/07/14/c33d325a-85df-11e8-8f6c-46cb43e3f306_story.html https://www.washingtonpost.com/business/capitalbusiness/the-...
Even from this article we see a pattern:
> In 2020, the Pentagon paid Boeing over $200,000 for four of the trash cans, translating to roughly $51,606 per unit. In a 2021 contract, the company charged $36,640 each for 11 trash containers, resulting in a total cost of more than $400,000. The apparent overcharge cost taxpayers an extra $600,000 between the two contracts.
> In another case, Lockheed Martin hiked the price of an electrical conduit for the P-3 plane as much as 14 fold, costing the Pentagon an additional $133,000 between 2008 and 2015.
> Jamaica Bearings — a company that distributes parts manufactured by other firms — sold the Department of Defense 13 radio filters that had once cost $350 each for nearly $49,000 per unit in 2022. The apparent markup cost taxpayers more than $600,000 in extra fees.