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You Can Be a Patriot Or a Profiteer... But You Can't Be Both
This week, the three military contractors that do the most business with the Pentagon announced their quarterly profits for 2012. Their profits continue to grow while they push Washington, D.C. to protect their budgets at the expense of the rest of us.
Here’s the breakdown so far for this year:
Lockheed Martin: $668 million
Northrop Grumman: $506 million
Boeing: $923 million
Outrage at war profiteering during this period (the civil war) led to the passage of “Lincoln’s Law,” officially known as the False Claims Act. The False Claims Act is the very same law that two of the companies listed above, Lockheed Martin and Boeing, allegedly violated through price-fixing and double-billing the taxpayer, leading to their having to pay roughly $20 million in the first quarter of 2012 to settle suits brought by the U.S. government.
And yet, despite this historical lack of patience for war profiteering, and despite the current record showing gross misconduct and waste, the U.S. government keeps shoveling taxpayer money at these huge corporations. Could it be that the more than $5 million in campaign donations and $33 million in lobbying dollars so far this election cycle from the military contractors keep Congress intentionally ignorant of the problem?