Saturday, July 21, 2012

Tomgram: Mattea Kramer, Spinning Ourselves Into a Deficit Panic

Posted by Mattea Kramer at 9:40am, July 17, 2012.

You couldn’t make this stuff up: thanks to Harold Rogers, chairman of the House Appropriations Committee, and the power of “earmarks,” the Army has bought $6.5 million worth of “leakproof” drip pans “to catch transmission fluid on Black Hawk helicopters," reports the New York Times.  Those pans were purchased from a company called Phoenix Products, whose owners, coincidentally, are contributors to the congressman’s political committee (and other Republican causes).  Oh, and according to the Times, “the company has paid at least $600,000 since 2005 to a Washington lobbying firm, Martin Fisher Thompson & Associates, to represent its interests on federal contracting issues.” Anyway, do the math and you end up with a $17,000 Army drip pan -- and there’s one tiny catch: another company sells a comparable drip pan for about $2,500.

Is anybody shocked?  This, after all, is the world of the U.S. military, which has been right up there with the 1% this last decade when it comes to garnering and squandering riches. It’s been ever more flush, while the taxpayers whose dollars it’s been raking in have done ever less well.  And symbolic as those drip pans may be, they aren’t even a drip in the bucket of Pentagon expenses when you start looking at the big-ticket items.

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