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
Ukraine: Which Way Out?
Take Action Now If there’s an uneasy silence on the Left—there’s a reason for that. By Tom Gallagher, Common Dreams The American Left’s…
Top Five Weapons Companies Set To Get $140 Billion From Pentagon Next Year
Take Action Now A Sludge analysis estimates that more than half of the fiscal year 2024 Pentagon budget will go to private contractors, with the five…
Schumer Circulates Petition To ‘Demand’ Federal Marijuana Legalization
Take Action Now Striking auto workers pulled off a major coup before their strike, baiting America’s largest auto manufacturers into self-sabotage.……
Rich Men North Of Richmond
Take Action Now Anthony was touching the constituency the left is supposed to talk with, is supposed to reach out to, is supposed to hear and learn…