Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

lonestarnot

(77,097 posts)
4. Remember these bastards?
Wed Feb 29, 2012, 11:05 PM
Feb 2012
http://www.alternet.org/world/89432/

The Five Secret Billion-Dollar Companies Sucking Obscene Amounts of Taxpayer Money
Meet the mystery defense contractors that are raking in billions in taxpayer dollars without notice.
June 26, 2008 | World headlines via email.
At $34 billion, you're already counting pretty high. After all, that's Harvard's endowment; it's the amount of damage the triple hurricanes -- Charley, Ivan, and Jeanne -- inflicted in 2004; it's what car crashes involving 15-to-17-year-old teenage drivers mean yearly in "medical expenses, lost work, property damage, quality of life loss and other related costs"; it's the loans the nation's largest, crippled, home lender, Countrywide Financial, holds for home-equity lines of credit and second liens; it's Citigroup's recent write-off, mainly for subprime exposure; it's what New Jersey's tourism industry is worth -- and, according to the Center for Strategic and Budgetary Assessments, it's the minimal figure for the Pentagon's "black budget" for fiscal year 2009 -- money for, among other things, "classified weapons purchases and development," money for which the Pentagon will remain unaccountable because almost no Americans will have any way of knowing what it's being spent for.

Now, imagine that, due to a little more Pentagon/Bush administration wizardry, even this black budget estimate is undoubtedly a low-ball figure. One reason is simple enough: The proposed $541 billion Pentagon 2009 budget doesn't even include money for actual wars. George W. Bush's wars are all paid for by "supplemental" bills like the $162 billion one Congress will soon pass -- so the Department of Defense's $34 billion black budget skips "war-related funding." This means that even the overall figure for that budget remains darker than we might imagine (as in "black hole&quot . The Pentagon not only produces stealth planes, it is, in budgetary terms, a stealth operation. If honestly accounted, the actual Pentagon yearly budget, including all the "military-related" funds salted away elsewhere, is probably now more than $1 trillion a year.

There is, however, another stealth side to the Pentagon -- the corporate side where a range of giant companies you've never heard of are gobbling up our tax dollars at phenomenal rates. Nick Turse, author of the single best account of how our lives are being militarized, our civilian economy Pentagonized, and the Pentagon privatized -- I'm talking about The Complex: How the Military Invades Our Everyday Lives -- now turns to the stealth corporate side of the Pentagon to give us a glimpse into the larger black hole into which our dollars pour.

Recommendations

0 members have recommended this reply (displayed in chronological order):

k&r, always good info Octafish ! nt steve2470 Feb 2012 #1
Thanks, steve2470-san! Privatized Intel is Oh-So-Social. Octafish Mar 2012 #5
Kick & Rec! jannyk Feb 2012 #2
This information makes live tours of an 19th-century sausage factory seem fit for pre-schoolers. Octafish Mar 2012 #6
Half a trillion dollars a year dedicated to breaking stuff and killing people FarCenter Feb 2012 #3
While most everyone I know doesn't mind paying taxes to make the USA a better place... Octafish Mar 2012 #11
Remember these bastards? lonestarnot Feb 2012 #4
Gawsh. That's twice what NASA's entire budget for 2013. Octafish Mar 2012 #12
Hey, Sandy Skoglund photo! Hissyspit Mar 2012 #19
Her work is remarkable. Octafish Mar 2012 #34
Welfare kings! Bastards know exactly about that best welfare state. lonestarnot Mar 2012 #23
Corruption Touched CIA’s Covert Operations Octafish Mar 2012 #33
Throw mo money, throw mo money! lonestarnot Mar 2012 #45
George Carlin was right - we are a war like people. Initech Mar 2012 #7
Mr. Carlin was a living Buddha. Octafish Mar 2012 #20
K&R Hell Hath No Fury Mar 2012 #8
''He who excuses himself, accuses himself.'' -- Gabriel Meurier Octafish Mar 2012 #22
And in related news ... bananas Mar 2012 #9
GOP Spies at Work on Us ... as in 'We the People' Us. Octafish Mar 2012 #10
+1 woo me with science Mar 2012 #17
K&R woo me with science Mar 2012 #13
Oil, Media, and War Octafish Mar 2012 #25
Kick woo me with science Mar 2012 #14
US 'draws up secret charges' against WikiLeaks' Julian Assange Octafish Mar 2012 #28
Always a DURec from me... bvar22 Mar 2012 #15
WikiLeaks Goes Inside Corporate America's Wannabe CIA Octafish Mar 2012 #29
He sure is something!!! n/t greytdemocrat Mar 2012 #39
Kick woo me with science Mar 2012 #16
Was Carol Lam Targeting The White House Prior To Her Firing? Octafish Mar 2012 #18
Lam had a few irons in the fire before she was fired hootinholler Mar 2012 #24
Wow! Sampson Admits He Made Call To Silence FBI Complaints Over Lam’s Firing Octafish Mar 2012 #31
Dusty Foggo’s Girlfriend, John Rizzo, and the Salt Pit Octafish Mar 2012 #32
It's an odd knot hootinholler Mar 2012 #38
K&R....n/t unkachuck Mar 2012 #21
Blogging About WikiLeaks Could Get You Fired Octafish Mar 2012 #30
you're welcome, Octafish....excellent piece....n/t unkachuck Mar 2012 #37
k&r! nt. wildbilln864 Mar 2012 #26
''Trusted Former CIA Cronies'' Octafish Mar 2012 #27
per Smedley Butler..."War is a Racket" nt wildbilln864 Mar 2012 #43
Interesting as always. Quantess Mar 2012 #35
Goss Knew Foggo Shared A Girlfriend With Russian Spy, But Hired Him Anyway Octafish Mar 2012 #36
K&R raouldukelives Mar 2012 #40
'Shadow CIA' buys state secrets for cash via Swiss bank accounts... Octafish Mar 2012 #41
Kick Thanks for the "light" reading Agony Mar 2012 #42
Wikileaks Release Suggests Stratfor Inside Info Plan with Goldman Sachs Exec Octafish Mar 2012 #44
warm and fuzzy kick G_j Apr 2013 #46
Manning the new age truth polynomial Jun 2013 #47
Latest Discussions»General Discussion»Know your BFEE: WikiLeaks...»Reply #4