Who Will Profit From the Wars in Iraq and Syria? | WHAT REALLY HAPPENED

Who Will Profit From the Wars in Iraq and Syria?

If there's one thing we should have learned over the past 13 years of war, it's that war is good business for those in the business of war. Unfortunately, while profits for the Pentagon's contractors increase, so does the cost to taxpayers in billions in waste, fraud, and abuse. As America embarks on yet another war in the Middle East, Congress needs to act now to stop this unjustified bonanza for the Pentagon's contractors.

The most recent wars in Iraq and Afghanistan offer an ominous example about what can happen when the rush to war is met with sharp spending increases coupled with little to no oversight or fiscal restraint. The Commission on Wartime Contracting -- a bipartisan congressional body -- estimates that there was $30 to $60 billion in waste, fraud and abuse associated with the wars in Iraq and Afghanistan -- a total of $12 million per day. Even worse, at least $6 billion is completely missing, never accounted for, gone forever.

The stock prices of the Pentagon's top contractors have hit all-time highs since the recent wars in Iraq and Syria started two months ago, as Dan Froomkin of the Intercept has pointed out. This windfall for weapons makers may pale in comparison to the billions that are likely to go to private contractors like Dyncorps and Triple Canopy that will be enlisted to help train Iraqi police and security forces. The market is clearly betting that the brief age of fiscal restraint at the Pentagon is over.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA