Institutionalization Of Waste

Another story about the institutionalization of waste, reminiscent of the banking and housing excesses, appears on the media radar:

U.S. reliance on contractors has grown to "unprecedented proportions," says the bipartisan commission, established by Congress last year. More than 240,000 private sector employees are supporting military operations in Iraq and Afghanistan. Thousands more work for the State Department and U.S. Agency for International Development.

But the government has no central data base of who all these contractors are, what services they provide, and how much they're paid. The Pentagon has failed to provide enough trained staff to watch over them, creating conditions for waste and corruption, the commission says.

(Yahoo News, Wapo, emphasis added). This story has many facets and has spread around the globe.

We have now institutionalized deceit, waste, corruption, torture, and then doing nothing about it.

We are in the age of plunder these days.