Sunday, March 22, 2009

Saturday, March 21, 2009

The most important thing you'll read tonight:

From Jerome a Paris (Eurobtrib)
eithner & co are now saying that this is necessary to save the system - which is wholly untrue: what they are doing is trying to save those that bet against AIG (ie Goldman Sachs et al.), by honouring, wihout cause, AIG's commitments with taxpayer money. And what's more annoying is that they're not even talking about that - they're still talking about the toxic assets that banks supposedly hold, and that everybody sane in the financial markets has already discounted down to their true value, ie close to zero - the second-order problem in that mess.

Again: the bigger problem is not worthless assets, it's unlimited liabilities on all the financial bets that were made.

What is so depressing is that money is being thrown at banks in the guise of solving the asset problem, when it goes to not solving the liabilities problem (because it's so much bigger) - and that markets know that it's not solving anything (they have the liabilities on their books, and guess that others have the same).

What is depressing is that this money - staggering amounts of money - is being wasted when it could be used in ways that actually help the economy (hell, giving a $40,000 check to every living American would be a way smarter use of the same money).

What is so depressing is that the goal still seems to be to save banks when it should be to save the economy.

What is depressing is that people are again being steamrolled into "bailouts" - 5 years after being steamrolled into a war against mushroom clouds by essentially the same people - and the Serious People are still wrong, utterly wrong.

What is depressing is that it's happening despite a smart Democrat being president.

What is depressing is that each day that goes by makes the problem noticeably worse. More bailouts. More unemployment. More avoidable economic - and personal - pain. And that this pain has irreversible consequences - people dropping out, people unable to pay for healthcare, people losing their homes, families broken, etc...

What is most depressing is that the problems - and the solutions - have been on the internets for months, but are not listened to, let alone implemented.

What is depressing is that Serious People still see solutions (single payer healthcare, higher minimum wages, investment in infrastructure and smart energy, redistribution) as evil because they sound like Socialism or - gasp - solidarity.

Saturday, March 14, 2009

Thursday, March 5, 2009

Pork, by any other name would smell as sweet

So called conservatives, by which we mean FOX news and those seduced by the current FOX news propaganda efforts, have been screaming about fiscal irresponsibility and the horrors of having $9.2 million of the budget intended for "core public health functions" going toward contraception provided through public health clinics.

My God I am speechless.

9.2 million bucks for condoms.

But here's a little compare / contrast to put things in perspective...

9.2 million for preventing unwanted pregnancies AND....

What follows is a typical day last week. I've merely displayed it so you can scroll through it to get the scope of Defense Spending as it is passed out each and every day through mostly no-bid contracts. This is the Military Industrial Complex that you and your children are enslaved by.

This is just one day of dubious and often illegal spending.

An ordinary day of spending.

Spending that has scrolled your life and future away.

Scroll on:







Missile Defense Agency




$736 Million

The Computer Sciences Corp., Federal Sector of Falls Church, Va., is being awarded a cost plus award fee contract modification under contract HQ0006-03-C-0003 for $108,011,668. After award of this modification the cumulative contract value will be $736,989,348. The work will be performed in Huntsville, Alabama. This sole source award is a modification to extend the existing contract through Jan. 2010. This is a bridge modification to provide continuity of support until the competitive award of the Missile Defense Agency Advisory and Engineering Support Services contracts. The amount obligated on this action is $40,129,330 using fiscal year 2009 Research, Development, Test and Evaluation funds. The Missile Defense Agency is the contracting activity (HQ0006-03-C-0003).




$175 Million

The Air Force is modifying a contract with Lockheed Martin Space Systems Co., Sunnyvale, Calif., for $175,000,000. This action is to procure the congressionally mandated advance procurement of long-lead parts in FY08 and FY09 for the Advanced Extremely High Frequency Satellite Vehicle four. At this time $104,450,000 has been obligated. MCSW/PK, El Segundo, Calif., is the contracting activity (F04701-02-C-0002 POO347).




$22.8 Million

The Air Force is modifying a contract with Jacobs Technology, Incorporated, Tullahoma, Tennessee for $22,801,396. This action will provided operational support required by the Air Force Research Laboratory for design, construction, reconfiguration, modification, test operations and maintenance of experimental and support facilities used to perform research and development of rocket propulsion, space systems and their components. At this time $9,250,909 has been obligated. AFFTC/PK, Edwards AFB, Calif., is the contracting activity (F04611-99-C-0003 P00115).




$16.5 Million

The Air Force is modifying a contract with IAP Worldwide Services, Incorporated, Cape Canaveral, Fla., for $16, 512,251. This contract will exercise option one to perform Civil Engineering Services for Hanscom AFB to include customer support services, infrastructure maintenance, facility maintenance, physical plant operations, utilities management, civil engineer services, environmental compliance, engineering support services, repair, some construction, property management and financial management. At the time$7, 736, 473 has been obligated. 66 CONS/LGCA, Hanscom AFB, Mass., is the contracting activity (FA2835-08-D-0001 P00005).




$12.7 Million

The Air Force is modifying a contract with the Science Applications International Corporation, El Segundo, Calif., for $12,737,017. This modification will modify the system Engineering and Integration services contract to expand the Modernized Global Positioning System User Equipment program. At this time $69,368 has been obligated. GPSW/PK, El Segundo, Calif., is the contracting activity (FAA807-07-C-002/P00019).




$9.7 Million

The Air Force is awarding a contract to Lockheed Martin Corp., King of Prussia, Pa., for $9,725,522. This contract action will design, fabricate, integrate, and test the Payload Delivery Vehicle for flight demonstration of the Conventional Prompt Global Strike Capability. SMC/XRC, El Segundo, Calif., is the contracting activity (FA8814-08-C-0003).




$8.4 Million

The Air Force is modifying a contract with Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Marietta for $8,419,000. This contract action is for the C-5 Reliability Enhancement and Re-engineering Program estimate at completion growth and cost overrun. At this time $6,419,126 has been obligated. ASC/516 AESW/716 AESG, Wright-Patterson AFB, Ohio is the contracting activity (F33657-02-C-2000 P00172).




$5.9 Million

The Air Force is modifying a contract with Northrop Grumman Systems Corp., Integrated Systems Air Combat Systems, San Diego, Calif., for $5,857,128. This action will provide Engineering, manufacturing and development infrastructure activates in support of the Global Hawk Program. At this time $5,362,526 has been obligated. 303 AESG/SYK, Wright-Patterson AFB, Ohio is the contracting activity (F33657-01-C-4600 P00304).




ARMY




$46.2 Million

General Dynamics Ordnance and Tactical Systems Inc., St. Petersburg, Fla., was awarded on Feb. 26, 2009, a $46,257,600 firm fixed price contract for 30,000 each, M865 (Target Practice Cone Stabilized Discarding Sabot-Tracer) 120mm Cartridges. The M865 is the Kinetic Energy Training round. This round has inert projectiles and is used in live-fire training for M1A1 and M1A2 Abrams Tanks; 15,000 each, M1002 (Target Practice, Multipurpose Tracer TP-T) Cartridges. Load, Assemble and Pack (LAP) will take place at the Iowa Army Ammunition Plant, Middletown, Iowa, with an estimated completion date of Oct. 31, 2010. Two bids were solicited and two bids received. Army Contracting Command, Rock Island Contracting Center – Tank & Automotive Command (TACOM), Rock Island, Ill., is the contracting activity (W52P1J-08-C-0010).




$16.2 Million

Cubic Simulation Systems, Inc., Orlando, Fla., was awarded on Feb. 26, 2009, a $16,169,357 mixed line items primarily firm fixed price contract for which the delivery order is for the procurement of up to 255 Engagement Skills Trainer (EST) 2000 systems, and supporting weapons and spares. Work is to be performed at Orlando, Fla., with an estimated completion date of Sept. 30, 2012. One bid was solicited and one bid received. Program Executive Office, Simulation, Training and Instrumentation, Orlando, Fla., is the contracting activity (W900KK-07-D-0720).




$34.3 Million

Parker Hannifin Corp., Minneapolis, Minn., was awarded on Feb. 25, 2009, a $34,322,920 firm fixed price UCA contract for the procurement of 1,354 each, Door Assistant Mechanisms for the Frag Kit 6. Work is to be performed at Minneapolis, Minn., with an estimated completion date of Aug. 31, 2009. One bid was solicited and one bid received. Tank & Automotive Command Contracting Center, Rock Island, Ill., is the contracting activity (W52H09-09-C-0062).




$11.5 Million

Alutiiq International Solutions, LLC, Aurora, Colo., was awarded on Feb. 25, 2009, an $11,510,573 construction firm fixed price contract for construction of a Tactical Equipment Maintenance Facility at Fort Riley, Kan. Estimated completion date is Sept. 2, 2010. Bids were solicited on the World Wide Web with three bids received. U.S. Army Corps of Engineers, Kansas City, Mo., is the contracting activity (W912HN-08-D-0032).




NAVY




$39 Million

Rolls Royce Corp., Indianapolis, Ind., is being awarded a $39,085,141 indefinite delivery, indefinite quantity contract for logistics support, technical engineering support services, and spare engines and associated parts for the U.S. Marine Corps KC-130J, which includes the AE2100D3 turboprop engine and R391 propeller. Work will be performed in Indianapolis, Ind. and is expected to be completed in Feb. 2010. Contract funds will not expire at the end of the current fiscal year. This contract was not competitively procured. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity (N00019-09-D-0020).




$26.5 Million

McDonnell Douglas Corp., a wholly owned subsidiary of The Boeing Co., St. Louis, Mo., is being awarded a not to exceed $26,500,000 modification to a previously awarded firm fixed price contract (N00019-04-C-0014) for non-recurring engineering and recurring effort associated with Engineering Change Proposal 6359 in support of Australian F/A-18 aircraft. Work will be performed in St. Louis, Mo., (40 percent); El Segundo, Calif., (30 percent); Bethpage, N.Y., (25 percent); and Mesa, Ariz., (5 percent) and is expected to be completed in Aug. 2011. Contract funds will not expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.




$24.5 Million




Bell-Boeing Joint Project Office, Amarillo, Texas, is being awarded a $24,505,932 cost-plus-fixed-fee delivery order against a previously issued basic ordering agreement (N00019-07-G-0008) to support the Naval Rotary Wing Aircraft Test Squadron by providing on-site and off-site flight test management, flight test engineering, design engineering, and related efforts to support the conduct of flight and ground testing for the MV-22 tiltrotor aircraft. Work will be performed at the Naval Air Station, Patuxent River, Md., (70 percent); Philadelphia, Pa., (19 percent); and Fort Worth, Texas, (11 percent) and is expected to be completed in Dec. 2009. Contract funds will not expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.




$15.9 Million

General Dynamics C4 Systems, Inc., Scottsdale, Ariz., is being awarded a $15,883,079 indefinite delivery, indefinite quantity, firm fixed price, commercial contract to provide Very High Frequency Ultra High Frequency (VHF/UHF) transmitter and receiver radio equipment and VHF/UHF multi-frequency transceiver radio equipment, amplifiers, remote heads, and ancillary accessories to support Air Traffic Control. The contract includes options which, if exercised, would bring the cumulative value of this contract to an estimated $99,008,749. Work will be performed in Scottsdale, Ariz., and is expected to be completed by Feb. 2010 (Feb. 2016 with options exercised). Contract funds will not expire at the end of the current fiscal year. The contract was competitively procured with an unlimited number of proposals solicited and one offer received via the Federal Business Opportunities web site, and the Space and Naval Warfare Systems Command E-commerce web site. The Space and Naval Warfare Systems Center Atlantic, Charleston, S.C., is the contracting activity (N65236-09-D-3532).




$15.9 Million

Solpac Construction Inc., dba Soltek Pacific Construction, Co., San Diego, Calif., is being awarded $15,868,171 for firm fixed price task order #0007 under a previously award multiple award construction contract (N62473-08-D-8615) for design, construction and repair of Bldg. “A” and Bldg. 730, at the Naval Air Station, Lemoore, Calif. The work to be performed provides for design and construction to Training Building “A” which includes Wings 1 through 6, and Building 730 which includes Wing 7. Work will be performed in Lemoore, Calif., and is expected to be completed by Oct. 2010. Contract funds will expire at the end of the current fiscal year. Four proposals were received for this task order. The Naval Facilities Engineering Command, Southwest, San Diego, Calif., is the contracting activity.




$9.7 Million

Chesapeake Technology International Corp.*, California, Md., is being awarded a $9,866,703 cost plus fixed fee, indefinite delivery indefinite quantity contract for engineering, technical and program services in support of the design, development, integration, testing and Fleet distribution of communications jamming and receiver operational flight program simulations for EA-6B, EA-18G, and other advanced electronic attack derivatives. Work will be performed in California, Md., (50 percent); Cherry Point, N.C., (20 percent); Point Mugu, Calif., (20 percent); Whidbey Island, Wash., (2 percent); China Lake, Calif., (2 percent); Patuxent River, Md., (2 percent); Iwakuni, Japan, (2 percent); and Yuma, Ariz., (2 percent), and is expected to be completed in Feb. 2014. Contract funds will not expire at the end of the current fiscal year. This contract was not competitively procured. The Naval Air Warfare Center Weapons Division, Point Mugu, Calif., is the contracting activity (N68936-09-D-0017).




$10 Million

Raytheon Co., Electronic Warfare Operations, Goleta, Calif., is being awarded a $9,866,703 cost plus fixed fee contract for products and engineering services in support of the AN/ALR-67(V)3 F/A-18 A-F operational flight programs for U.S. Navy F/A-18E/F aircraft and the F/A-18 A-D and E/F aircraft owned by the Governments of Canada, Australia, and Switzerland. The estimated level of effort for this contract is 57,686 man-hours. Work will be performed Goleta, Calif., (80 percent) and Point Mugu, Calif., (10 percent); and China Lake, Calif., (10 percent), and is expected to be completed in Feb. 2011. Contract funds in the amount of $1,152,000 will expire at the end of the current fiscal year. This contract was not competitively procured. This contract combines purchases for the U.S. Navy, ($5,426,688; 55 percent) and the governments of Canada, ($1,480,005; 15 percent), Australia, ($1,480,005; 15 percent); and Switzerland, ($1,480,005; 15 percent) under the Foreign Military Sales Program. The Naval Air Warfare Center Weapons Division, China Lake, Calif., is the contracting activity (N68936-09-C-0029).




$5.6 Million

BAE Systems Land & Armaments, LP, Ground Systems Division, York, Pa., is being awarded a $5,583,600 firm fixed priced modification to previously awarded delivery order #0007 under previously awarded firm fixed price, indefinite delivery, indefinite quantity contract (M67854-07-D-5025) for spare vehicle effector boxes. Work will be performed in York, Pa., and is expected to be completed by Jul. 2009. Contract funds will not expire by the end of the current fiscal year. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.




DEFENSE LOGISTICS AGENCY




$22.4 Million


Woodward Governor Co., Rockton, Ill., is being awarded a maximum $22,374,542 fixed price with economic price adjustment, sole source, requirements type contract for various spare aircraft parts. There are no other locations of performance. Using services are Army, Navy, Air Force and Marine Corps. There was one original proposal solicited with one response. Contract funds will expire at the end of the current fiscal year. This contract is exercising the third two-year option period. The date of performance completion is Jan. 30, 2011. The contracting activity is the Defense Supply Center Richmond, Richmond, Va., (SPM400-03-D-9402).


Just one day of ruinous spending.

Day after day.

Week after week.

Month after month.

Year after year for eight years.

Your hopes for the future spent and wasted.

And yes, there are still idiots out there that think spending on preventing unwanted pregnancies will somehow actually stop this hideous bleeding of our treasury---and they will think this without considering -- for an instant-- the billions wasted on disastrous defense contracts outlined above.

Thank you for your interest.

~DM