Moral Hazard and F-35 Alternate Engine

Budget Watchdog All Federal

The recent failure of Silicon Valley Bank harkened back to the dark days of 2008. Meanwhile, despite losing to Pratt & Whitney more than a decade ago in the battle to supply the engine for the F-35 jet fighter, Washington is suddenly abuzz about a General Electric effort to revive their alternate engine. TCS Senior Policy Analysts Wendy Jordan and Josh Sewell join Steve Ellis for a discussion about Moral Hazard and the old budget watchdog adage, "No matter how wasteful, no bad idea is ever truly dead in Washington, especially when there are billions of dollars on the line. You have to kill, kill, kill until it’s dead, dead, dead.”