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"Never Feel Sorry For Anyone Who Owns an Airplane."-- Tina Marie

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

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Who is Incapable of Understanding or Doing Anything About It." -- Unknown

"Eck!" -- George the Cat

Thursday, October 6, 2011

The Greek Economy Is Going Down the Drain, No?

So why is the Greek Army buying 400 Abrams tanks?

Will the Pentagon also sell tanks to the NYPD?
Posted by on or about 08:39
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4 Brickbats Thrown:

  1. Awesome! 400 tanks for a pittance of a downpayment, then you just default on that loan, along with every other one. Got a problem with that? Tell it to the tank, sucker!

    Problems with citizens? Clankety-clankety-squish! No more problems!

    ReplyDelete

  3. Austerity is for the peasants not the security forces.

    ReplyDelete

  4. First the Greeks are not buying the M1-A1 with Greek money, they are buying the M1-A1. The Greeks are buying the units with our money. The USAR is currently fielding the M1-A2, with the M1-A3 just finishing up development. The 'Our Money" is called Foreign Military Sales, and they typically finance via the Foreign Military Financing, which can be one of the follow, an out right grant (Foreign Aid), No Interest Loan, or a Low Interest Loan. This sale has a great deal of Grant attached to it.

    Second and more importantly these are not NEW tanks (M1-A1), they will be new to the Greeks, but Old to the USAR (M1-A2 and the soon to be present M1-A3).

    Many if not all will come out of the Army Prepositioned Stock (APS). Given that much of this equipment has already been picked clean of anything remotely new.

    Additionally with the draw down from 45 to 37 Brigade Combat Teams there will be surplus equipment to get off the books.

    It is a really slippery way to keep our Foreign Aid at home.

    ReplyDelete

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