Tuesday, June 27, 2006

Obscene Spending, Obscene Profiteering

U.S. Military Spending More Than Rest of the World Combined
















U.S. Senate Approves $517.7B Military Budget [2007]
DefenseNews.com

The U.S. Senate unanimously approved a $517.7 billion defense bill for fiscal year 2007 that includes $50 billion $in funding for the wars in Iraq and Afghanistan. Passed on June 23, the bill, which also includes a 2.2 percent pay raise for troops, will have to be reconciled with the House of Representatives' $427.6 billion military budget passed Tuesday that also includes $50 billion for Iraq and Afghanistan. The U.S. government's fiscal year 2007 starts October 1.

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Dollars, Not Sense: Government Contracting Under the Bush Administration

Monday, June 19, 2006 --
Under the Bush Administration, the "shadow government" of private companies working under federal contract has exploded in size. Between 2000 and 2005, procurement spending increased by over $175 billion dollars, making federal contracts the fastest growing component of federal discretionary spending.

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