Since 9/11, Nearly Half of all Pentagon Contracts Awarded Without Competition

August 30, 2011

relatedPentagon pays $720 Million in late fees for storage containers since 2001

source: Raw Story   Aug 30, 2011

Nearly half of the approximately $300 billion of taxpayer money the Department of Defense spent on projects in 2010 was awarded for no-bid contracts — some of which weren’t necessary, the Center for Public Integrity’s iWatch News reported on Monday.

The cost of the non-competitive contracts the U.S. military has tripled in the last 10 years, now tallying up to $140 billion of taxpayer money per year on quick solution defense spending.

Though competition amongst companies saves taxpayer money, the stated urgent nature of the military’s needs pushed aside fiscal concerns. In 2001, the Pentagon’s non-competitive contracts cost around $50 billion. In 2010, nearly a decade after the war on terror began, that spending has risen to around $140 billion. Only 55 percent of contracts awarded in the first two quarters of 2011 were competitive.

more at original storyhttp://www.rawstory.com/rs/2011/08/29/since-911-nearly-half-of-all-pentagon-contracts-awarded-without-competition/  


What Happens to Citibank’s $8 Billion Loan to Dubai? (via American Taxpayers)

November 29, 2009

sourec: Washingtons Blog

On Friday, I provided some specifics about who had loaned Dubai money, and the potential fallout from Dubai’s debt crisis.

 But I just found another interesting tidbit.

Specifically, 7 Days – one of the largest papers in Dubai – wrote in March:

 The US public will be “outraged” by Citibank’s $8 billion loan to Dubai just six weeks after the bank was bailed out, US House of Representatives domestic policy subcommittee chair-man has said. Read the rest of this entry »


CBO: By 2019, Taxpayers Will Pay $196 Billion A Year for Obamacare, But 24 Million People Will Remain Uninsured

November 21, 2009

Source: CNS

By Terence P. Jeffrey

November 19, 2009

Under the health care bill introduced by Senate Majority Leader Harry Reid (D-Nev.) on Wednesday, by 2019 taxpayers will be paying $196 billion per year to subsidize other people’s health insurance coverage, but there still will be 24 million uninsured people in America, according to the Congressional Budget Office and the Joint Committee on Taxation. Read the rest of this entry »