Stealing all of our money and nation through the Perpetual War Machine

[shance]

The top five recipients of federal contracts are Lockheed Martin, Boeing, Northrop Grumman, Raytheon, and General Dynamics. Collectively, they received $80 billion in 2005, 21% of all federal procurement spending. The single largest federal contractor is Lockheed Martin. In 2005, Lockheed Martin had 12,400 contracts with the federal government and received $25 billion in federal tax dollars. Federal spending on this one company in 2005 exceeded the gross domestic product of 103 countries, including Iceland, Jordan, and Costa Rica.19 The amount of taxpayer dollars received by Lockheed Martin was also larger than the combined budgets of the Department of Commerce, the Department of the Interior, the Small Business Administration, and the entire legislative branch of government.20

The fastest-growing major federal contractor during the Bush Administration has been Halliburton, the company formerly headed by Vice President Cheney. In 2000, Halliburton was the 28th largest contractor, receiving $763 million in federal dollars. By 2005, the company had leaped to the sixth largest federal contractor, receiving nearly $6 billion. This is an increase of 672% over the five year period. In 2004, Halliburton received nearly $8 billion.

In 2005, the federal government paid over $1 billion each under eleven cost-plus contracts. See Figure 7. FIGURE 7: Agencies With Contracting Budgets Over $1 Billion

CONTRACTOR CONTRACT 2005 VALUE

Halliburton – Kellogg Brown & Root LOGCAP $5,082,435,949

Lockheed Martin Joint Strike Fighter System $3,327,634,511

Boeing Missile Defense Program $2,515,234,778

Lockheed Martin Sandia National Laboratories $2,291,554,411

Humana Military Healthcare Ser. Managed Health Care for DOD $2,171,654,432

United Space Alliance (NASA) $2,041,458,378

Health Net Federal Services Managed Health Care for DOD $1,931,014,988

TriWest Healthcare Alliance Managed Health Care for DOD $1,894,225,281

Calif. Institute of Technology (NASA) $1,369,412,482

Westinghouse Savannah River Co. Savannah River Site (DOE) $1,325,619,805

Northrop Grumman DD(X) Destroyer $1,010,929,188


Spending is categorized in the report as highly concentrated on a few large contractors, with the five largest contractors receiving over 20 percent of contract dollars awarded in 2005. Last year, the largest federal contractor, Lockheed Martin, received contracts worth more than the total combined budgets of the Department of Commerce, the Department of the Interior, the Small Business Administration and the U.S. Congress.

But the fastest growing contractor under the Bush Administration has been Halliburton. Federal spending on Halliburton contracts shot up an astonishing 600% between 2000 and 2005.

Waxman plans to make all 118 "problem contracts" available on the Internet as part of a searchable database with Internet links to government audits.

READ THE FULL 101 PAGE DOCUMENT HERE:
http://www.rawstory.com/news/2006/Report_Federal_c...

[Captain Hilts]

1. Military spending is welfare for the wealthy and welfare for the poor.

It's the middle class that gets ripped off.

[shance]

2. Good point. Its also is a kind of slavery towards the less wealthy.

Isn't it amazing that a currency comes between the equality and a harmony of individuals? Because of our monetary system, we have a level of cruelty, class separation, and slavery in and of itself, all due to a cycle that allows those with connections and money to perpetuate a system that excludes and neglects others.