You ever wonder why they have it in for the olds and the poors? Well, take a look at this analysis by Public Accountability Initiative.
In case you were wondering, no, Fix the Debt is not advocating any defense cuts as a means of reducing the debt and deficit. But their "core principles" include Social Security, Medicare and Medicaid reforms. Go figure.
- 38 Fix the Debt leaders have ties to 43 companies with defense contracts totaling $43.4 billion in 2012. Fix the Debt leaders profiting from defense spending include the group’s co-chairs, steering committee members, and CEO council members; they have ties to these companies as board members, executives and CEOs, and lobbyists.
- Boeing (with $25.1 billion in defense contracts) and Northrop Grumman (with $8.5 billion) lead the pack. Boeing CEO W. James McNerney, Jr. is on Fix the Debt’s CEO Council, and Northrop Grumman board member Vic Fazio is on Fix the Debt’s steering committee.
- Four other Fix the Debt-linked companies have more than $1 billion in 2012 defense contracts: GE ($2.1 billion), Textron ($2 billion), Honeywell ($1.5 billion), and World Fuel Services ($1.2 billion).
- The 38 Fix the Debt leaders with ties to defense contractors drew at least $401 million in compensation from the 43 companies in 2011—an average of $10.6 million each.[...]