Well, some statesive action is probably

better than no action at all. Hi, everybody. I'm Bill Little here with Steve Green and Scottot.

And gentlemen, this episode is about the fact that we have built a significant number of

LCSs that stands for Litoral Combat Ship. Litoral means areas close to the shore. The people that serve aboard them call them

little crappy ships.

And we built, if I did the numbers correctly,

there are two different classes.

I think we built 19 independence class trimaranes,

and I think we built 16 Freedom class,

which looked like just really fast and cool PT boats.

The idea, when these things were constructed, the independence was commissioned in 2010 and the Freedom was commissioned in 2008.

The idea was, at the time, coming off of 9-11, that we would be using an awful lot more of our

Navy to do basically anti-terrorist things insertions patrols all the rest of it and as

time has gone on we find out that that threat from Islamic terrorists is largely

subsided and we're facing a much more aggressive Chinese Navy so we don't need

brown water littoral ships we we need blue water ships.

And so having built any number of these things and spent a fair amount of money,

we are decommissioning ships that were commissioned 13 years ago.

I mean, that's just unheard of. It's unheard of.

So, Scott, let me start with you here. I've always maintained this attitude. I really try to be fair. I don't blame people for making mistakes. I don't think people make mistakes on purpose. genuine mistakes, certainly they don't make on purpose. So I'm not faulting the Navy for having built these ships. And in fact, on the contrary, it is entirely

possible with the sunk cost fallacy. For those of you not familiar with it, it's the idea that

if I've spent a lot of money on something, I've got to keep spending it since I've already got

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