Video - Rand Paul on debt and deficits - ABC Subway Series

Outstanding discussion. Jonathan Karl talks to Rand Paul about how he plans to cut spending by $500B and fundamentally change the way Washington works. Foreign aid is the first thing to go, thankfully, and defense is next on the list. How can we afford to send hundreds of billion overseas each year that we don't have. The current run-rate of borrowing 43 cents of every federal dollar isn't sustainable.

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Ron Paul - One Chance 2012

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Ron Paul: Classified Cable Proves US Ok’d Saddam’s Kuwait Invasion



http://www.veteranstoday.com/2011/01/31/cong-ron-paul-classified-cable-proves-us-okd-saddams-kuwait-invasion/

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Pentagon Reports Billions of Dollars in Contractor Fraud



The Pentagon paid hundreds of billions of dollars to defense contractors engaged in criminal or civil fraud -- in some cases paying the companies after they were convicted, according to a new Defense Department report.



At least 91 contractors holding contracts worth $270 billion were the subjects of civil fraud judgments -- and in some cases criminal fraud convictions as well, many of which resulted in fines, suspensions or debarments. Even so, Defense Department contracting officers still assigned $4.9 billion worth of work with these companies after the fraud was uncovered, the report said.



The contractors identified in the report include such blue-chip entities as Boeing, Lockheed Martin, General Dynamics, Pratt & Whitney, IBM and even the Yale medical school.



Under the pressure of two hot wars and a defense budget that has mushroomed to its current $700 billion size, the Pentagon has set up a Procurement Fraud Working Group. But in the six years the task force has been at work, fraud seems to have expanded even as the Pentagon's ability to detect it has increased.



http://www.politicsdaily.com/2011/02/03/pentagon-admits-to-billions-of-dollars-in-contractor-fraud/?icid=main|htmlws-main-n|dl3|sec1_lnk3|199051

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