Where is the Money Going?
Lockheed and Dell Win Contracts Meant for Small Businesses
Federal agencies counted Lockheed Martin and its subsidiaries as "small" on 207 contracts worth $143 million. Dell Computer, a Fortune 500 company, was listed as a small business on $89 million in contracts.The Navy claimed that $60 million in wor... read more
Wasting $350 Million for "Missile Defense"
“The contractors are making a killing,” Mr. Cantrell recalled thinking at the meeting, in 2000. “The lobbyists are getting their fees, and the contractors and lobbyists are writing out campaign checks to the politicians. Everybody is making money ... read more
US Debt Clock Runs Out of Space
The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiraling figure.
US Debt Clock Runs Out of Digits (BBC News)
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AIG Execs Celebrate Bailout with $440,000 Retreat
Less than a week after the federal government offered an $85 billion bailout to insurance giant AIG, the company held a week-long retreat for its executives at the luxury St. Regis Resort in Monarch Beach, Calif., running up a tab of $440,000. The... read more
Bailout: Goldman Sachs Got what it Paid For
One of the biggest winners in the financial bailout plan was the investment banking firm of Goldman Sachs. This is not surprising considering that since George Bush became president, Goldman Sachs and its employees have contributed $19.3 million t... read more
Democrats and Republicans Unite...for Pork
The revised bailout proposal extends or creates tax breaks for rum in the Virgin Islands, corporations doing business in American Samoa, auto racetrack owners and employers whose employees bike to the work. read more
First Penny Redesign in 50 Years
"This is a momentous occasion in the history of our Nation’s coinage because these designs represent the first change in the Lincoln cent in half a century," said Director Moy.
First Penny Redesign in 50 Years
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$1 Billion Over Budget...So Far
The cost of the Homeland Security Department's program to equip ports of entry with radiation detection equipment will be $3.1 billion. That's $1 billion more than the agency told the White House and Congress it would cost last spring.
$1 Bill... read more
Dept. of Interior Officials Get in Bed with Oil and Gas Reps...Literally
The investigation also concluded that several of the officials “frequently consumed alcohol at industry functions, had used cocaine and marijuana, and had sexual relationships with oil and gas company representatives.” read more