Quantcast
Channel: Disclosure News Online
Viewing all articles
Browse latest Browse all 12449

Defense contractors spend millions lobbying Congress, get billions in new budget

$
0
0

By 

January 22, 2014

watchdog.org

201091418532423734_20

Photo courtesy aljazeera.com

Military contractors spent millions lobbying Congress last year, and it seems to have worked.

They stand to get billions in return.

The military-industrial complex has emerged as one of the big winners in the budget deal working its way through Congress, but headed for approval.

The omnibus spending bill basically eliminates $22 billion in proposed cuts to the Department of Defense — cuts that were once part of the much-feared “sequester” that took effect in March 2013 due to the lack of a federal budget bill — and hands the Pentagon nearly $500 million for 2014.

An analysis by The Hill says the defense budget was supposed to be around $475 billion before Congress decided to repeal the sequester cuts, bringing the final total to about $497 billion.

The Defense Department also is getting $85 billion — an increase of $5 billion from last year — for the ongoing was in Afghanistan, which is not included in the baseline budget because wars are funded in a separate and sterile-sounding part of the budget known as “overseas contingency operations.”

Read more


Viewing all articles
Browse latest Browse all 12449

Trending Articles