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Waste in Federal Contracts Now More Than $1 Trillion

Last year California Rep. Henry Waxman released an in-depth report on government-contract spending under the Bush Administration. It found that:


  • Between 2000 and 2005, federal procurement spending rose by over 80%.
  • No-bid and other contracts awarded without full and open competition increased by more than 100%.
  • Contract mismanagement led to rising waste, fraud, and abuse in federal contracting.
  • Today Waxman released this year's analysis, which shows that what was already bad has actually gotten much worse.


  • For the first time EVER the federal government has passed $400 billion threshold in contracts for the year.
  • More than half of this spending — more than $200 billion in new contracts — was awarded without full and open competition.
  • The total value of wasteful federal contracts now exceeds $1 trillion.
  • Get the full rundown, and have a look at specific contracts, here.






    Comments


    Government-Media Propaganda conjures a false reality.

    It is vital that Americans finally grasp that there is no Government and Media. They are not two separate entities, they are one and the same. The Monopoly Media is the Government, and vice versa.

    Our Ruling Class is the Government-Media and they create a pseudo-reality tailored to fit their agenda. We are heaped with lies and propaganda disguised as “Cultural Values” and “National Interests” that have nothing to do with the average American, and everything to do with the interests of our ruling elite.

    The Common Good has never been the paradigm of our “Government.”

    The business of business is government and control of the masses. Corporations are a device behind which our ruling class hide and anonymously manipulate “National Policy” for their own self-interest.

    .

    Posted by: rabblerowzer on 06/28/07 at 5:08 AM  Respond

    Government is wasteful. Most of the budget could be cut. All the politicians like to get the money for their districts.

    Posted by: Bobby Joe on 06/28/07 at 7:33 AM  Respond

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