Political Quotes

Tom Harkin: I think the lease is going to cost over $475 million. And then there are operational costs. Now you are up to $600 or…

On the recordJune 8, 1999
I think the lease is going to cost over $475 million. And then there are operational costs. Now you are up to $600 or $700 million over the next 10 years just for these aircraft. That may be small change to the Pentagon, which is used to operating with $270 billion budgets, but that is a lot of money for our taxpayers. I just do not know where the facts lie in whether or not leasing is better than purchasing. We have seen very little information as to the cost tradeoffs of leasing versus purchasing. We have not seen a full report from the Pentagon covering all possible options to cover these CINCs' needs, nor do we have much information as to the needs of the military for all of these such aircraft. That is why our amendment requires a report detailing the requirements and options for such aircraft as an important first step. We do not have that. Quite frankly, regardless of how our amendment fares, I say to the chairman, and others, I plan to come back to this issue, along with my colleague from California, year after year, until we get a clearer picture.
Said by
Tom Harkin
Democratic · Iowa

Editor's note · Context

Discussing the costs and management of military aircraft leasing versus purchasing.

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