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announced in the 2010 Strategic Defence and Security Review that it intended to switch from the jump jet version of the US built Joint Strike Fighter planned under Labour to the more capable carrier variant.However it was forced to carry out an embarrassing U turn after it emerged the cost of fitting the necessary catapults and arrestor gear the so called cats and traps would be prohibitively expensive.For Labour, shadow defence secretary Vernon Coaker said the Government needed to explain the cost increase."This is the latest in a series of financial fiascos in the MoD under David Cameron," he said."Last year, the Government wasted 100m by changing its mind about the type of fighter planes it was ordering for the aircraft carrier and reverting to Labour's plans which it said were more cost effective."The Defence Secretary's claim that he has balanced the MoD books looks increasingly nonsensical. Britain deserves better than this shambolic approach to our nation's defence."The Prime Minister's official spokesman told a regular Westminster media briefing: "The Ministry of Defence will very soon be setting out the outcome of its process of renegotiation of the contract, which pre dated 2010."The objective of that renegotiation is to address the concerns that, amongst others, the Public Accounts Committee raised about the initial contract and to put the contract on a sustainable basis.Bill Clinton Gives Obama a Gentle SpankingIf anyone ever believed that the more conservative Bill Clinton really thought the more liberal Barack Obama was prepared to be president in 2008, let them