Read time: 1 minute

AOC Smacks Down 'How We Gonna Pay For It' With Pentagon Receipts

Apparently we "can't afford" the Green New Deal or Medicare for All, but we can afford to pay $1443.00 for a $32.00 part as long as it's in the Defense Budget.
Views:

Alexandria Ocasio-Cortez brought more light and heat to a Congressional Oversight Committee hearing on Wednesday.

And more importantly, she connected the issue at hand with why those who wonder "how can we pay for" The Green New Deal and Medicare for All when there is plenty of money in excess profits for defense contractors.

AOC pointed out one example: non-vehicular clutch discs, which cost $32.00 to manufacture and for which the Pentagon pays $1443.00. That's a 4436% profit.

AOC asked the Pentagon contractor, TransDigm CEO Kevin Stein, "Are you aware how many doses of insulin we could get for that?"

"...for the cost of your price-gouging of the public on a non-vehicular clutch disk alone I could have sent 21 kids to college. I could have sent 18 toddlers to free preschool for a year, in the most expensive city in America."

TransDigm manufactures over 220,000 parts. Yahoo Finance:

In his opening statement Stein said "TransDigm did nothing in contravention of the federal acquisition laws and regulations with respect to its pricing."

TransDigm has made several acquisitions in recent years to boost its share of the spare parts market.

After examining 113 Department of Defense contracts the Pentagon's inspector general recommended TransDigm repay $16.1 million in excess profits, the memo said.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $20 for 2020? Please consider a one time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team