The business of war is more profitable than ever.
The Real News - September 5, 13
JAISAL NOOR, TRNN PRODUCER: Welcome to The Real News Network. I'm Jaisal Noor in Baltimore. When Congress passed the budget cuts in 2011 known as the sequester, the CEOs of defense companies repeatedly warned of widespread job and wage losses resulting from the proposed cuts. But six months after the sequester officially kicked in, the seven major military contractors are celebrating record profits, and their stocks are near all-time highs. In addition, the future looks just as bright as their backlog of orders is nearly as large as the total $37 billion in defense cuts. Now joining us to discuss this is Dina Rasor. She's an investigator, journalist, author of several books. She writes the Solutions: Making Government Work column for truth out, but this year is Truthout's acting director executive director. Rasor been fighting waste while working for transparency and accountability in government for three decades.
Thank you so much for joining us. DINA RASOR, ACTING EXECUTIVE DIRECTOR, TRUTHOUT: Glad to be here. NOOR: So, Dina, Congress sold the sequester to the American people as a shared sacrifice. Where is the burden of the sacrifice lain right now?
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