by Chloe Mayer, Newsweek
Claims of “price gouging”— when businesses inflate the prices of their products by more than is fair or reasonable — were made by former Pentagon insiders, now retired, who are sounding the alarm about the current military landscape.
They are warning that the number of weapons being sent to aid Ukraine in its battle against Russia “no matter the expense” is depleting stock that can’t be easily replaced due to soaring prices. That comes at a time of increasing political tension with China over the issue of Taiwan.
Long-time contract negotiator at the Defense Department, Shay Assad, who is now retired after 40 years of service, spoke out on the CBS news show 60 Minutes, which conducted a six-month investigation.
“The gouging that takes place is unconscionable,” Assad said. And the former insider, who previously worked for defense giant Raytheon, warned that the astronomical price increases are already having a harmful effect on the U.S. military.
Recent Posts
Christa Pike Hospitalized in Critical Condition After Botched Execution
Take Action Now “I’ve never seen anything like what we saw Wednesday night,” said one reporter who witnessed the execution attempt.By Amy Goodman,…
Rights, Faith Groups Urge Congress to Block $2.8B Bomb Sale to Israel
Take Action Now If the Trump administration moves forward with the transfer, dozens of groups are urging lawmakers to seek a joint resolution of…
Trump’s Finger Gets Closer to Nuclear Button
Take Action Now Not that Congress caresBy Ken Klippenstein, Substack The Pentagon is “increasing [nuclear] options available to the President for…
Impeachment Calls Grow as Dems Say Up to $20 Million in Taxpayer Funds Were Used for ‘Illegal’ Pro-Trump Ads
Take Action Now “We should not have to remind you that using government funding to create or air political ads like the ones that have been running…