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Report: Wasteful Government Spending at All-Time High
The U.S. government has committed to spend a record-high $1.1 trillion with companies holding government contracts "plagued by waste, fraud, abuse or mismanagement," according to a new report by the House Oversight and Government Reform Committee.
The report blames the rise in bad spending on a sharp increase in noncompetitive contracting and a general increase in the use of private companies to perform government functions.
More than $200 billion in taxpayer money was spent on projects for which only one or a handful of companies submitted bids, the committee found. That figure has more than tripled since 2000, according to the report, and now comprises more than half of all government spending outside of entitlement programs like Medicare, Medicaid and Social Security.
At issue is a multibillion-dollar Pentagon purchasing system called the prime vendor program, which uses middlemen who set their own prices, instead of direct purchases from manufacturers or competitive bidding.
A Knight Ridder investigation of the program found that, for 102 of 122 pieces of food equipment, the Pentagon had paid higher prices to prime vendors than the government did to contractors outside the system. For example, the Pentagon paid $20 apiece for ice cube trays that retail for less than a dollar.
Originally posted by WyrdeOne
'Support our troops' my ass, you brainless hypocrites, get off your star-spangled rears and pay attention to what these money-worshiping, criminal scum are doing to our troops (and us!). The water is just one example among DOZENS, that would be pointless to enumerate since none of my target audience