ilnjscb

where your tax dollars are going:

In Washington DC on New Year?s Eve: Wine meets wealth

"Washington [DC] boasts some of the country?s richest neighborhoods and most affluent households, many of which thrived during the economic downturn. That recession-resistant prosperity has made Calvert Woodley the kind of place where $43.99 bottles of Veuve Cliquot?s signature ?Yellow Label? champagne fly out the door (?even if they don?t know how to pronounce it!? Almodovar said) ? and where one customer rejected a $799 bottle of 2005 Chateau Mouton Rothschild on Thursday because he preferred a much more expensive (but unavailable) 2005 Chateau Lafite."

Ah, defense contractors and their boundless wealth, all wrung from the pockets of the middle class, with no-compete contracts to produce weapons and programs that are never used or don't function, procured for them by lobbyists.

garce

Its no different anywhere else. Even in an extremely capitalistic republic like The United States the only real job security and corporate growth happens in the public sector.

If it wasn't for socialist bailouts backed by taxpayer money, the U.S. would be insolvent by now. Your "job creators" are almost exclusively your various levels of government.

The manufacturing sector is gone. What you have left - just like Canada - is "public service"; and whatever natural resources you can still manage to suck out of the ground.

In spite of what everyone on television seems to say, The United States of America is a socialist republic. If it wasn't, it wouldn't even have considered throwing taxpayer money at private businesses.

Business should succeed or fail on its own merits. Not in the U.S., though...

Get over it.

12clicks

Poor deluded child, it's not defense contractors, it's politicians, their staff, and lobbyists.
Defense contractors don't need to live near DC.


Having a clue generally makes your rants less idiotic

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12clicks

And anyone knowing enough to prefer lafite over mouton would know that both are still too young to drink, making the story sketchy at best

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ilnjscb

13clicks, I am in DC all the time and know the scene there very well. For your edification:

"In the past decade, for example, federal employment increased by 50,000, more than erasing the declines of the Clinton era. More significantly, federal procurement spending over the decade grew 166 percent, to $80 billion from $30 billion. With less than 5 percent of the nation?s population, the [DC] region captures 17 percent of the federal payroll and 21 percent of procurement dollars."

Article in yesterday's Wash Post apparently scribed by another deluded child

And if my post qualifies as a rant ...

12clicks

Hopefully you'll see this before you head off to work.
None of this post has anything specifically about defense contractors, making it more intelligent than your original post.
What you've written in this post is common knowledge, what you wrote in your first post is idiocy.

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ilnjscb

DOD is a major part of that 80bil. DOD is 20% of the Fed budget. Defense contractors (the largest ones) had on average 16% growth in profit in 2010 vs. previous a year, a long trend. Their profits have grown 260% since 2001.

Most of the wealth created in DC over the past 10 years has been in defense contracting.

You haven't posted a single source or article to back up what I think you're saying. This is GFY, I know, but ask any currently serving soldier and they'll give you an earful about defense contractors. Anyway, my post was largely drawn from the article I cited and the rest was drawn straight from real life backed up by readily available data. It was neither a rant, nor was it in any way idiotic.

I read that article, and juxtaposed with the current environment found the displays of wealth by those feeding off the anemic economy to be offensive.

The world is my office, so I'm here 24/7.