Senate Democrats push Schumer to combat war profiteering
Muslim Network TV news:
Six Democratic senators are urging Senate Majority Leader Chuck Schumer to probe war profiteering and price gouging in the military industrial complex.
They are asking for revival of the Truman Committee, which is akin to President Harry Truman’s initiative during WWII to act against those involved in war profiteering.
Truman’s original committee saved $10-15 billion in WWII, propelling him to prominence.
Led by Bernie Sanders, the senators highlight excessive military spending, with nearly $1 trillion allocated, part of which supports Ukraine’s defense.
They are alleging a lack of oversight, citing the Pentagon’s audit failure and 40 to 50 percent overcharging by military contractors.
Examples include RTX’s soaring missile prices and Lockheed Martin’s massive returns.
The senators assert such profiteering hinders support to Ukraine.
The call underscores concerns over excessive spending and its consequences on national security and taxpayer funds.
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