How two American kids became big-time weapons traders
- "Working with nothing but an Internet connection, a couple of cellphones and a steady supply of weed, the two friends — one with a few college credits, the other a high school dropout — had beaten out Fortune 500 giants like General Dynamics to score the huge arms contract. With a single deal, two stoners from Miami Beach had turned themselves into the least likely merchants of death in history." (via
; previously on arms contractors
posted by kliuless
on Mar 21, 2011 -
Krugman on Iraq
"The direct military cost of the occupation is $4 billion a month, and there's no end in sight. But that's only part of the bill.
This week Paul Bremer suddenly admitted that Iraq would need "several tens of billions" in aid next year. That remark was probably aimed not at the public but at his masters in Washington; he apparently needed to get their attention."
posted by skallas
on Aug 30, 2003 -
"Hang in there, help is on the way." The director of the White House Office of Management and Budget, Mitchell E. Daniels Jr., recently asked the Defense Department to lower the 2004 pay raise from its expected 3.7 percent to 2 percent. Daniels also wants future raises tied to inflation, rather than basing boosts on what civilians doing comparable jobs in the private sector might make.
Many of our military families already qualify for welfare and food stamps. Pay raises are out of the question when there's NMD and tax cuts to the wealthy needing funding.
posted by nofundy
on Dec 23, 2002 -
The U.S. Army pays for lapdances.
"In addition to the inappropriate purchases, the GAO said more than 1,200 Army employees wrote bad checks to pay their government credit card bills. Last year alone, that cost taxpayers $3.8 million in higher fees and lost rebates." You mean, the government practices bad accounting? Ron Paul
points out that the Congress commits the worst accounting fraud of all
. But the most important issue of all is, with the government paying for Strip Club tips, gambling, and wine, does this mean that God will no longer bless America?
posted by insomnyuk
on Jul 18, 2002 -
Percent of World Military Spending.
The US and its allies dwarf the rest of
the world in what it spends on defense. On the one hand I see the need to
bring overwhelming force in a conflict and I think just having it is in
itself stabilizing. But I can also see money and resources put to better
use elsewhere (e.g. healthcare, education, basic research) the effects of
which I think might even do more to affect global peace and prosperity than
any loss that may obtain from a reduced defense budget.
(other Thoughts of the Fortnight
by J. Bradford DeLong including this draft
he presented with Larry Summers! at the Fed symposium in Jackson Hole :)
posted by kliuless
on Sep 1, 2001 -