Federal spending on Halliburton contracts shot up an astonishing 600% between 2000 and 2005.

there's just no surprising news this morning...

Top contractor Lockheed got contracts larger than budget of Congress

[...]

[P]rocurement spending increased by over $175 billion between 2000 and 2005, making federal contracts the fastest growing component of federal discretionary spending.

That spending increase -- an astonishing 86 percent -- puts total US federal procurement at $377.5 billion annually. The increase means spending on federal contracts has grown more than two times as fast as other forms of discretionary government spending.

[...]

Spending is categorized in the report as highly concentrated on a few large contractors, with the five largest contractors receiving over 20 percent of contract dollars awarded in 2005. Last year, the largest federal contractor, Lockheed Martin, received contracts worth more than the total combined budgets of the Department of Commerce, the Department of the Interior, the Small Business Administration and the U.S. Congress.

But the fastest growing contractor under the Bush Administration has been Halliburton. Federal spending on Halliburton contracts shot up an astonishing 600% between 2000 and 2005.

it's hard to wrap your mind around that kind of money, particularly when it's going into the pockets of bushco cronies... other countries have nothing on us when it comes to levels of corruption... it may be called corruption in latin america or the balkans, but here we call it capitalism and no-bid contracts... the u.s. is in really sad shape, so very much worse than most of us tend to realize...

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