Much of the $28 billion in additional military spending will go to line the pockets of hugely profitable defense contractors – it is corporate welfare by a different name. Almost half of the Pentagon budget goes to private contractors, some of whom are exploiting their monopoly positions and the trust granted them by the United States to line their pockets. Repeated investigations by the DOD inspector general, the GAO and CBS News have uncovered numerous instances of contractors massively overcharging DOD, helping boost these companies’ profits to nearly 40% – and sometimes as high as 4,451% – while costing US taxpayers hundreds of millions of dollars.

LR: 1 CP: 1 - Much of the $28 billion in additional military spending will go to line the pockets of hugely profitable defense contractors – it is corporate welfare by a different name. Almost half of the Pentagon budget goes to private contractors, some of whom are exploiting their monopoly positions and the trust granted them by the United States to line their pockets. Repeated investigations by the DOD inspector general, the GAO and CBS News have uncovered numerous instances of contractors massively overcharging DOD, helping boost these companies’ profits to nearly 40% – and sometimes as high as 4,451% – while costing US taxpayers hundreds of millions of dollars.