Friday, October 23, 2009

Laughing all the Way to the Bank

Speaking of lovable defense contractors like the Halliburton/KBR gang rapists, you'll want to check out all their friends on this list. It's called the Federal Contractor Misconduct Database, and it's a product of the Project On Government Oversight. Our government doesn't keep such a list, so we are glad somebody does. Otherwise how would we keep track of all the money the defense department is pissing away on contractor fraud. This is a list of the top 100 defense contractors we taxpayers are funneling billions to who are guilty of some kind of misconduct. Like contract fraud, or environmental, ethics, or labor violations.


Oh, you can start with the rapists of KBR, a company this country paid $4.8 billion to in FY 2007, and presumably more in FYs 2008 & 2009. Since 1995, this outfit has ripped the taxpayers off to the tune of $103 million.


And they're just one of a hundred. No company on the list got any less than half a billion dollars in FY2007. Collectively in FY2007, they had contracts worth $2.6 trillion. And they had defrauded the taxpayers of almost ten percent of that staggering total (9.88 percent if you're being picky). That's a cool $26 billion, brothers and sisters. 


These guys are laughing all the way to the bank . . . the banks on Wall Street, of course.

3 comments:

Montag said...

In addition to this, the armed services seem to not possess an asset-tracking system.
When something goes on the blink, or goes missing, it is always just get a new one.

This may be hard to believe - seeing as there are all those people doing something in the Pentagon - but I have it on good information.

Montag said...

...and since 2008, it dopesn't do any good to say they should run things like a business!

Unknown said...

Oh, my friend, I know this is true. I spent my entire career with the defense department. It is as corrupt and organization as you could imagine. The cozy relationship of contractors with the military is scandalous, but these people--the military--are positively immune from criticism. I liked it much better in the 60s, where you did not trust the military under any circumstances.