Sunday, October 23, 2011

'It's those welfare queens and socialists that are bankrupting America'

WE need to increase Defense spending right?

What was that that President Eisenhower said about a 'military industrail complex'?

'In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the militaryindustrial complex. The potential for the disastrous rise of misplaced power exists and will persist'.
From : http://coursesa.matrix.msu.edu/~hst306/documents/indust.html

'How often does the Pentagon award contracts to defense companies that have already been proven to be defrauding taxpayers? A report the Department of Defense did at the request of Senator Bernie Sanders (I-VT) reveals an answer that should make Washington very uncomfortable'.

'The report, released today, showed that hundreds of defense contractors found guilty of civil fraud received more than $1.1 trillion in defense contracts since 2001. The study took into account only companies that were found to have defrauded taxpayers of more than $1 million dollars'.

'More than $573 billion went directly to companies that were guilty of defrauding taxpayers, and when you factor in the awards that went to the parent companies of those contractors, the total is $1.1 trillion. Of that $573 billion, more than two-thirds—$398 billion—went to companies after they had been found guilty of fraud'.
From : http://www.thenation.com/blog/164103/shocking-report-reveals-pentagons-addiction-fraudulent-contractors

A summary of the DOD report : http://sanders.senate.gov/newsroom/news/?id=e40d587d-33ca-441b-b15c-6e196e9beb36

Lockheed Martin Corp., the largest defense contractor, paid at least the following amounts for defrauding the Pentagon over the last ten years
•$4.25 million in 2000
•$6.2 million in 2002
•$37.9 million in 2003 (to resolve allegations that it fraudulently inflated the cost of performing several Air Force contracts)
•$12.6 million in 2006
This is a total of $60.95 million in fraud judgments and settlements.

Despite this, we continued to work with Lockheed Martin and awarded the company more than $200 billion in taxpayer funded contracts in the last decade.
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The Boeing Company, the next largest contractor, paid at least the following amounts for defrauding the Pentagon over the last ten years
•$54 million in 2000 (to settle charges that it placed defective gears in more than one hundred and forty Army helicopters)
•$651,663 in 2003
•$565 million in 2006
•$25 million in 2009
This is a total of $644.65 million in fraud judgments and settlements.

Despite this, we continued to work with Boeing and awarded the company more than $21 billion in taxpayer funded contracts in the last decade.
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Northrop Grumman Corp., the third largest defense contractor, paid at least the following amounts for defrauding the Pentagon over the last ten years
•$5.3 million in 2000
•$17.8 million in 2003
•$62 million in 2005
•$325 million in 2009

This is a total of $410 million in fraud judgments and settlements.

Despite this, we continued to work with Northrop Grumman and awarded the company more than $9 billion in taxpayer funded contracts in the last decade.


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