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.
Post a Comment