Private US military contractors: Indebted to shareholders

The US government has over 200,000 soldiers in over 120 countries around the world; yet, it has an insatiable appetite to use private military contractors.

The total amount that the US spends on defense is $771 billion dollars. Estimates vary, but up to a quarter of all defense spending goes to these private contractors.

One example which goes beyond this amount is a spy agency dubbed "Booz Allen" which has revealed that 70 percent of the US intelligence budget goes to private contractors, especially on drone surveillance.

In this episode of Economic Divide, we are going to look at these contractors and the ways some US politicians and senators are making money through awarding lucrative contracts to these contractors.

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