The Budget ‘Waste’ Deficit Hawks Never Seem to See

from Too Much: A Commentary on Excess and Inequality:



The Budget ‘Waste’ Deficit Hawks Never Seem to See
November 14, 2010 ⋅

Localities the nation over can’t afford to fill potholes or keep libraries open. Yet top corporate execs are continuing to stuff their pockets with our tax dollars. Here’s how we can start the unstuffing.

By Sam Pizzigati




Americans don’t like the idea of their tax dollars making anybody rich. That’s why TV ads bashing members of Congress for voting themselves pay raises flood our airwaves every campaign season.

But if you really want to find people profiteering off our tax dollars, don’t look at Congress. Look into the “private” sector — at executives like Ralph Shrader, the CEO of Booz Allen Hamilton, a consulting company that gets 98 percent of its revenue from the federal government.

Shrader took home $4.2 million last year. The top five Booz Allen execs together pocketed just under $20 million. They averaged 23 times what members of Congress take home.

Or consider Howard Lance, the top exec at Harris, a Florida company that took in $2.2 billion in federal contracts last year for projects like overhauling the billing at veterans hospitals. Lance has collected, over the past five years, $46.1 million for his CEO labors, over 50 times congressional pay during that same time span. ..............(more)

The complete piece is at: http://toomuchonline.org/the-government-waste-deficit-hawks-never-seem-to-see/

:sarcasm: