How the Pentagon and it's contractors screw us blind

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	How the Pentagon and it's contractors screw us blind

papananook

5-18-2008 9:39 PM

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5-19-2008 9:24 AM

cptenaud

And no money for disabled Veterans.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1a5a82c8-da38-4e31-b665-a358a8a4cf40/8B9667F0-46A7-4833-8B0B-B410FF043284/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.wired.com/27bstroke6/2007/06/federal-governm.html" href="http://blog.wired.com/27bstroke6/2007/06/federal-governm.html" style="font-size: 11px;">blog.wired.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.wired.com/27bstroke6/2007/06/federal-governm.html"><P><A href="http://blog.wired.com/photos/uncategorized/2007/06/28/untitled1_2.png"><IMG height="204" border="0" width="321" src="http://blog.wired.com/27bstroke6/images/2007/06/28/untitled1_2.png" title="Untitled1_2" alt="Untitled1_2" /></A>
 Rep. Henry Waxman (D-California) is at it again. The chairman of the House Oversight Committee on Tuesday released a <A href="http://oversight.house.gov/features/moredollars/">report</A> looking into lucrative no-bid contracts the federal government doled out last year. The report, which critics immediately branded as a partisan attempt to tar the Bush administration, looked into several "worrisome trends," among them:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.wired.com/27bstroke6/2007/06/federal-governm.html"><P>"For the first time, (1) annual federal
procurement spending crossed the $400 billion threshold, (2) more than
half of this spending — over $200 billion in new contracts — was
awarded without full and open competition, and (3) the total value of
wasteful federal contracts now exceeds $1 trillion."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.wired.com/27bstroke6/2007/06/federal-governm.html">The 20 largest federal contractors received 38 percent of the contract dollars awarded in 2006. No surprise, the Defense Department has seen a major uptick in spending. In 2001, DOD spent $133.5 billion on federal contracts.  In 2006, spending was up to $297.7 billion, an increase of 123 percent.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8B9667F0-46A7-4833-8B0B-B410FF043284/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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