Monday, February 15, 2010

As Defense Budget Soars, Security Firms Reap Huge Profits, Go Offshore to Avoid Taxes

by Tom Burghardt from Dissident Voice.
While the overall budget deficit will balloon to a staggering $1.6 trillion in 2011, the result of massive tax cuts for the rich, declining revenues, a by-product of capitalism’s economic meltdown, imperial adventures abroad and general corporate malfeasance (the old tax-dodge grift), the administration plans to cut $250 billion over three years from non-military “discretionary spending” on domestic social programs.