HB_Pencil said:
No I mean this:
National Post, 8 Dec 12
And for all the people who said I told you so....
http://Forums.Army.ca/forums/threads/22809/post-1183151.html#msg1183151
They counted the 10% overages in this case.
TODAYS EPISODE OF FUN WITH NUMBERS:
I like how Mr. Ibitson compares the cost of 65 F-35's for 42 years to the annual Ontario health care budget.
On that basis, the annual cost of getting and operating the F-35's would represent only 2.3% of the Ontario Health budget: Not bad. Even better, as Ontario represents about a third of the Canadian population, this means that if health was a National program run by Ottawa, it would likely be three times bigger,, and then, in any given years, Ottawa would spend on the F-35's (and thus the totality of our air defence capability) only .8% of what it would spend on Health.
That seems a reasonable expense to me.
Also, at the "advertised" cost for 42 years derived by KPMG, the annual cost of getting and operating one F-35 comes out to $16,000,000. That would currently buy you (on average) two traffic overpasses in most provinces. Between the municipal, provincial (and territorial) and federal governments, I am willing to bet that we build or rebuild way more than 130 overpasses a year in Canada. And that is at today's cost for overpasses. in 42 years, I am willing to bet that that same 16M$ will buy you only half of one.
The intimated "threat" that the defence budget would consist of nothing more than the F-35's should they be acquired is just complete nonsense. At $46B for 42 years, it will be pretty close to being in line with what ultimately transpired with the F-18's. And for those who weren't around then, the same veiled accusations that it would suck up the whole defence budget were made and we now all know how that turned out.
Remember that all those glitzy figures and financial doomsday scenarios coming out of accounting firm, financial pundits, department of finance, budget officers and treasury board are made by people that consistently try to predict what the economy will be doing next year, and maybe the next one after that and manage to guess wrong most of the time.
Meanwhile, at Defence, we are trying to predict the direction that the whole world will take in the next 25 to 50 years and what the emerging threats to Canada will be in that world. Some of the potential scenarios are scary.
When the same KPMG methodology is applied to potential "competitors" (I use the term loosely), I think we will find out that for the price difference, having the F-35's instead of less capable F-18 E/F's, Eurofighters or Rafales, is a good deal.
Just MHO.