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Not nearly as bad as the trillions in bailouts...
Let's reminisce on how the Bush Administration and the Pentagon squandered billions of dollars on contractors that defrauded the govt...
Sen. Sanders: Pentagon paid billions to fraudsters
By Agence France-Presse
Wednesday, February 2nd, 2011 -- 5:36 pm
LinkWASHINGTON — The US military paid $285 billion over three years to hundreds of military contractors that defrauded the Pentagon over the same stretch of time, a US senator charged Wednesday.
Brandishing a 45-page January 2011 US Department of Defense report on the issue, Independent Senator Bernie Sanders called for "far more vigorous enforcement" by the US military "to protect taxpayers from massive fraud."
"The sad truth is that virtually all of the major defense contractors in this country for years have been engaged in systemic fraudulent behavior, while receiving hundreds of billions of dollars of taxpayer money," he charged.
Sanders underlined that the report, which his office made public, showed that from 2007-2009 the Pentagon spent $270 billion on 91 contractors involved in fraud cases that yielded judgments of more than $1 million.
While we wither away in Afghanistan -- the graveyard of modern empires -- we continue ignoring history and common sense. Throwing good money after bad while we talk of cutting back the benefits of law-abiding and tax-paying citizens at-home...allowing our nation's infrastructure to rot ....while we fight for pennies to save ourselves, the dogs of war, insecurity and fear make money hand over fist....that is what we are....
American exceptionalism indeed....
Not nearly as bad as the trillions in bailouts...
so....you are pissed about bush's bailouts too?
What about the hundreds of trillions in credit default swaps created during the Bush administration?
Can we talk about Ronald Reagan?
TARP is almost completely repaid.
Will the MIC repay any of their fraud money? will they even be prosecuted?
I always was. I couldn't believe so many republicans went along with it, and that it was signed into law. At least I found some relief that there was a provision that all money paid back could not be spent by congress, but had to pay down the deficit. I'll bet it never would have passed without that provision.
Trillions?
Net?
Link.
There's absolutely nothing wrong with Charles in Charge.
Public schools suck, they should fire all the teachers and send the kids to private school.
Of which, I would remind everyone, only about $500 billion (as bad as that is) is the result of any legislation signed into law by President Bush. So, $11.1 trillion is on Obama and the Democrats in Congress.
A bit lopsided.
The $700B TARP bill, signed by Bush, says o...............
OMG! We're left with $10.9 Trillion on Obama and the Democrats. But, of course, President candidate and then-Senator Obama voted for the bill, as well.
so are wrong again...
It was within the MOE.
Not quite. Although I'm betting as long as 50.1% of it can be blamed on Obama you're happy.
Which proves that Bush & Obama have acted in unison throughout this whole ordeal.But, of course, President candidate and then-Senator Obama voted for the bill, as well.
Bush's biggest mistake.
Well, it's up there..............
With reaching across the aisle and ever trusting Teddy Kennedy.
I think that whole Iraq/WMD thingy might be on one or two people's list.............
Maybe one or two, not many more.
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