Who says there isn’t war profiteering going on?
The estimated costs for the development of major weapons systems for the US military have doubled since September 11, 2001, with a trillion-dollar price tag for new planes, ships, and missiles that would have little direct role in the fight against insurgents in Afghanistan and Iraq.
The soaring cost estimates — disclosed in a report for the Republican-led Senate Budget Committee — have led to concerns that supporters of multibillion-dollar weapons programs in Congress, the Pentagon , and the defense industry are using the conflicts and the war on terrorism to fulfill a wish-list of defense expenditures, whether they are needed or not for the war on terrorism.
The report, based on Defense Department data, concluded that the best way to keep defense spending in check in the coming years lies in “controlling the cost of weaponry,” especially those programs that the Pentagon might not necessarily need.
The projections of what it will cost to acquire “major weapons programs” currently in production or on the drawing board soared from $790 billion in September 2001 to $1.61 trillion in June 2006, according to the congressional analysis of Pentagon data.
Costs for some of the most expensive new weapon systems — such as satellite-linked combat vehicles for ground troops; a next-generation fighter plane ; and a cutting-edge, stealth-technology destroyer for the Navy — are predicted to cost even more by the time they are delivered, because many of them are still in their early phases. In a quarterly report to Congress on weapons costs earlier this month, the Pentagon reported that of the $1.61 trillion it thinks it will need for big-ticket weapons, it has spent more than half so far — about $909 billion.
So at a time of war the corporations enjoy greater profits and Americans enjoy tax cuts. It results in a greater deficit and our soldiers along with their families are the only ones paying the price for this war. Something is not right about this.