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Gold Member
- Apr 5, 2009
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NO TIP!
This may well be the worst oversight ever posted on the USMB?
Republicans wouldn't be caught dead not tipping for services rendered, I mean... check it out - Republicans even tipped Halliburton $39.5 billion and Halliburton didn't even give good service.
Jeez, makes me wonder just how fiscally conservative is this Hillary woman anyway?
Cheney's Halliburton Made $39.5 Billion on Iraq War
By Angelo Young, International Business Times
20 March 13
<snip>
Ten contractors received 52 percent of the funds, according to an analysis by the Financial Times that was published Tuesday.
The No. 1 recipient?
Houston-based energy-focused engineering and construction firm KBR, Inc. (NYSE:KBR), which was spun off from its parent, oilfield services provider Halliburton Co. (NYSE:HAL), in 2007.
The company was given $39.5 billion in Iraq-related contracts over the past decade, with many of the deals given without any bidding from competing firms, such as a $568-million contract renewal in 2010 to provide housing, meals, water and bathroom services to soldiers, a deal that led to a Justice Department lawsuit over alleged kickbacks, as reported by Bloomberg.
<snip>
According to the bipartisan Commission on Wartime Contracting in Iraq and Afghanistan, the level of corruption by defense contractors may be as high as $60 billion. Disciplined soldiers that would traditionally do many of the tasks are commissioned by private and publicly listed companies.
Even without the graft, the costs of paying for these services are higher than paying governement employees or soldiers to do them because of the profit motive involved. No-bid contracting - when companies get to name their price with no competing bid - didn't lower legitimate expenses...
.
NO TIP!
This may well be the worst oversight ever posted on the USMB?
Republicans wouldn't be caught dead not tipping for services rendered, I mean... check it out - Republicans even tipped Halliburton $39.5 billion and Halliburton didn't even give good service.
Jeez, makes me wonder just how fiscally conservative is this Hillary woman anyway?
Cheney's Halliburton Made $39.5 Billion on Iraq War
By Angelo Young, International Business Times
20 March 13
<snip>
Ten contractors received 52 percent of the funds, according to an analysis by the Financial Times that was published Tuesday.
The No. 1 recipient?
Houston-based energy-focused engineering and construction firm KBR, Inc. (NYSE:KBR), which was spun off from its parent, oilfield services provider Halliburton Co. (NYSE:HAL), in 2007.
The company was given $39.5 billion in Iraq-related contracts over the past decade, with many of the deals given without any bidding from competing firms, such as a $568-million contract renewal in 2010 to provide housing, meals, water and bathroom services to soldiers, a deal that led to a Justice Department lawsuit over alleged kickbacks, as reported by Bloomberg.
<snip>
According to the bipartisan Commission on Wartime Contracting in Iraq and Afghanistan, the level of corruption by defense contractors may be as high as $60 billion. Disciplined soldiers that would traditionally do many of the tasks are commissioned by private and publicly listed companies.
Even without the graft, the costs of paying for these services are higher than paying governement employees or soldiers to do them because of the profit motive involved. No-bid contracting - when companies get to name their price with no competing bid - didn't lower legitimate expenses...
.
