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Old 09-04-2007, 04:39 PM
 
Location: Michigan
29,391 posts, read 55,581,822 times
Reputation: 22044

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Military contractors that set up utilities, prepare food or make bulletproof vests are getting a big boost from the conflict. Here's who's getting the most money.

In a few weeks, Gen. David Petraeus and the Bush administration will report to Congress on the progress of the U.S. military's troop surge in Iraq.

But some of the war's winners are already clear: military contractors who supply everything from bodyguards to bombs, clean socks to ready-to-eat meals. "For the companies involved, this has been a real gravy train," says William Hartung, who tracks defense spending for the New America Foundation.

The White House has proposed military spending of $647 billion in 2008. Adjusted for inflation, that would be the highest level since World War II -- topping even expenditures during Vietnam and the Reagan years, calculates Hartung. The current request for Iraq-related spending for 2008 is $116 billion, which would raise total Iraq war spending to $567 billion.

Who's profiting from the Iraq war? - MSN Money
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Old 09-04-2007, 05:17 PM
 
Location: Sacramento
14,044 posts, read 27,211,458 times
Reputation: 7373
Quote:
Originally Posted by John1960 View Post
Military contractors that set up utilities, prepare food or make bulletproof vests are getting a big boost from the conflict. Here's who's getting the most money.

In a few weeks, Gen. David Petraeus and the Bush administration will report to Congress on the progress of the U.S. military's troop surge in Iraq.

But some of the war's winners are already clear: military contractors who supply everything from bodyguards to bombs, clean socks to ready-to-eat meals. "For the companies involved, this has been a real gravy train," says William Hartung, who tracks defense spending for the New America Foundation.

The White House has proposed military spending of $647 billion in 2008. Adjusted for inflation, that would be the highest level since World War II -- topping even expenditures during Vietnam and the Reagan years, calculates Hartung. The current request for Iraq-related spending for 2008 is $116 billion, which would raise total Iraq war spending to $567 billion.

Who's profiting from the Iraq war? - MSN Money
The employees of the companies associated with Iraq are big financial winners too.
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Old 09-04-2007, 05:18 PM
 
1,648 posts, read 2,559,917 times
Reputation: 481
Quote:
Originally Posted by John1960 View Post
Military contractors that set up utilities, prepare food or make bulletproof vests are getting a big boost from the conflict. Here's who's getting the most money.

In a few weeks, Gen. David Petraeus and the Bush administration will report to Congress on the progress of the U.S. military's troop surge in Iraq.

But some of the war's winners are already clear: military contractors who supply everything from bodyguards to bombs, clean socks to ready-to-eat meals. "For the companies involved, this has been a real gravy train," says William Hartung, who tracks defense spending for the New America Foundation.

The White House has proposed military spending of $647 billion in 2008. Adjusted for inflation, that would be the highest level since World War II -- topping even expenditures during Vietnam and the Reagan years, calculates Hartung. The current request for Iraq-related spending for 2008 is $116 billion, which would raise total Iraq war spending to $567 billion.

Who's profiting from the Iraq war? - MSN Money

The biggest welfare system.
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Old 09-04-2007, 07:52 PM
 
211 posts, read 985,280 times
Reputation: 146
good thing Bush cut taxes for them before starting this war, a real president would try to increase taxes on them, but that would defeat the purpose of the war
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Old 09-04-2007, 09:54 PM
 
Location: South Central PA
1,565 posts, read 4,309,690 times
Reputation: 378
Quote:
Originally Posted by John1960 View Post
Military contractors that set up utilities, prepare food or make bulletproof vests are getting a big boost from the conflict. Here's who's getting the most money.

In a few weeks, Gen. David Petraeus and the Bush administration will report to Congress on the progress of the U.S. military's troop surge in Iraq.

But some of the war's winners are already clear: military contractors who supply everything from bodyguards to bombs, clean socks to ready-to-eat meals. "For the companies involved, this has been a real gravy train," says William Hartung, who tracks defense spending for the New America Foundation.

The White House has proposed military spending of $647 billion in 2008. Adjusted for inflation, that would be the highest level since World War II -- topping even expenditures during Vietnam and the Reagan years, calculates Hartung. The current request for Iraq-related spending for 2008 is $116 billion, which would raise total Iraq war spending to $567 billion.

Who's profiting from the Iraq war? - MSN Money
Just like people in the gold rush didn't make money, it was the suppliers that hit gold selling stuff to the suckers searching for the gold. Same with suppliers to the US gov't.
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