Bill Bonner
Here’s how it works: money from the federal government is handed out to military contractors, who then recycle some of it back into the political process. Campaign funds, lobbying, pimping by retired generals and admirals...the money gets around. A general, for example, might insist that the Pentagon needs a new weapons system. Then, in retirement, he might find that he is a valuable consultant to the company that makes it. He might earn far more than his military pension. Likewise, a congressional flunkey might help push through a new weapons system...and then find his services in demand in the defense industry, where he is regarded as a key “political expert.”
Here’s how it works: money from the federal government is handed out to military contractors, who then recycle some of it back into the political process. Campaign funds, lobbying, pimping by retired generals and admirals...the money gets around. A general, for example, might insist that the Pentagon needs a new weapons system. Then, in retirement, he might find that he is a valuable consultant to the company that makes it. He might earn far more than his military pension. Likewise, a congressional flunkey might help push through a new weapons system...and then find his services in demand in the defense industry, where he is regarded as a key “political expert.”
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