Federal contracts rise 86 percent under Bush; Halliburton up 600 percent

Report: Federal contracts rise 86 percent under Bush; Halliburton up 600 percent

RAW STORY
Published: Monday June 19, 2006

Top contractor Lockheed got contracts larger than budget of Congress, Dept. of Interior

WASHINGTON -- A new report claims that a "shadow government" of federal contractors has exploded in size over the last five years.

The document, compiled at the request of Rep. Henry Waxman (D-CA) and distributed to RAW STORY, indicates that procurement spending increased by over $175 billion between 2000 and 2005, making federal contracts the fastest growing component of federal discretionary spending.

500 reports, audits and investigations by government and independent bodies, including the Government Accountability Office and the Defense Contract Audit Agency, were used to compile the data.

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.

more at:
http://www.rawstory.com/news/2006/Report_Federal_contracts_rise_86_under_0619.html

and making huge profits off our tax dollars.