10 years ago, the Coast Guard was guaranteed $17 billion dollars to purchase or re-outfit 250 ships over a period of 25 years. After spending $7 billion, there are
two completed ships. There are supposed to be at least eight.
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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/EdWyLtrydOg/the-us-coast-guard-spent-7-billion-and-has-two-ships-to-show-for-it
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