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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: arun gera who wrote (113419)3/29/2008 1:13:12 PM
From: HawkmoonRead Replies (2) of 306849
 
Dept.of Homeland security probably hides some other spending too.

Let's not forget that in the aftermath of 9/11, one of the things we did was create TSA.. That put a huge number of people on the Federal payroll (at higher salaries than they received under private security contracting).

There's a tremendous amount of graft and corruption in ALL sectors of the government and the military is no exception. Look at this BS with the 22 year old kid getting a $300 million DOD contract for ammunition to Afghanistan DEFRAUDING the government by dealing with China (verboten), and providing unusable Vietnam era ammunition.. He, and the Government contracting officer and COTR, need to be prosecuted and given some jail time.

And one of the other little hidden secrets I discovered while in Iraq is that companies like KBR and others, being limited to the percentage of profit they could make, would merely permit their Iraqi sub-contractors to inflate the value of their service contracts so they could get a bigger percentage of a needlessly inflated sub-contract.

Hence, at one point we were paying $1 apiece (at my location) for each and every sandbag, while the actual Iraqi workers were only receiving $10-15/day for filling them. Your average bag-filler could easily fill several hundred bags a day.. You do the math.. A lot of money went into the pockets of the Iraqi sub-contractors (and probably a few insurgent groups in the form of "protection" payoffs) because cost controls were not in place and the government COTRs were not active in requiring the American prime contractors to force competitive bidding on their sub-contractors.

That one really pissed me off.. and when I brought it up to some of the COTRs I knew there, they merely shrugged their shoulders and said there was nothing they could do (without risking their jobs)..

Hawk
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