This article is focused on submarines, but the story is the same across the board. Take aircraft carriers, for instance.
The US has 11 Aircraft carriers ... plus 9 more ships that other countries would probably call an aircraft carrier. By comparision, Russia has one (1); China has one (1). And China's aircraft carrier is one that they bought from Russia and refurbished to save money. Only Spain and Italy have two - hardly the kind of fiscal responsibility we ought to be copying.
Aircraft carriers cost an eye-bulging $12–14.5 billion (plus $12 billion for development and research) (Wikipedia).
Is there no limit to the money Romney will spend on anything, anything at all, except the 47% of us that doesn't care about?