August 30, 2011
related: Pentagon 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 story: http://www.rawstory.com/rs/2011/08/29/since-911-nearly-half-of-all-pentagon-contracts-awarded-without-competition/
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 »
November 21, 2009
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 »