REACT: Military contract price gouging: Defense contractors overcharge Pentagon | 60 Minutes

A recent video on the 60 Minutes channel (Military contract price gouging: Defense contractors overcharge Pentagon) drew attention to the rising and exorbitant costs of weapons and other items acquired by the Pentagon;
- In 1991 a stinger missile cost $25,000. Now in Ukraine war costs 400,000;
- Between the years of 2005 and 2020 the Pentagon consumed 14 trillion dollars and added 5 ships to the fleet. In the same period, China spent 3 trillion and added 117 vessels;
- Another problem is the decrease in the number of inspectors at the Department of Defense, a fact that has left companies freer to exploit the taxpayer;
- But these are not the only problems. Recently auditors discovered that more than 1 million parts of the F-35 jet have disappeared in the last 5 years;
- US officials seem to turn a blind eye to these irregularities, as plane costs continue to rise and the Pentagon continues to overpay for them;
- And there is one more additional cost to be remembered: in recent decades the United States has been involved in long, expensive and useless wars such as Iraq and Afghanistan, which also greatly worsened the country's image in the face of the so-called Global South:
- As a result, the United States is lagging behind in the technology race, as the Russians and Chinese already have advanced hypersonic missile systems that America lacks, and Iran's growing drone and missile force threatens the American presence in the Middle East.

link to 60 minutes video:

• Military contract...

Link to article “US Navy: A Paper Money Tiger?” :
https://velhogeneral.com.br/2023/04/0...