Waste in Federal Contracts Now More Than $1 Trillion

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Last year California Rep. Henry Waxman released an in-depth report on government-contract spending under the Bush Administration. It found that:

  • Between 2000 and 2005, federal procurement spending rose by over 80%.
  • No-bid and other contracts awarded without full and open competition increased by more than 100%.
  • Contract mismanagement led to rising waste, fraud, and abuse in federal contracting.
  • Today Waxman released this year’s analysis, which shows that what was already bad has actually gotten much worse.

  • For the first time EVER the federal government has passed $400 billion threshold in contracts for the year.
  • More than half of this spending — more than $200 billion in new contracts — was awarded without full and open competition.
  • The total value of wasteful federal contracts now exceeds $1 trillion.
  • Get the full rundown, and have a look at specific contracts, here.

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    SIX TRUTHS

    Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

    Truth #1: The chaos is the point.

    Truth #2: Team Reality is bigger than it seems.

    Truth #3: Facebook owns this.

    Truth #4: When we go to work, we're in the fight.

    Truth #5: It's about minority rule.

    Truth #6: The only thing that can save us is…us.

    Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

    And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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