The Federal Government is trying to spend about $787 billion in “stimulus” funds. At the same time they are trying to be kind, good stewards of the tax payers money. These attempts are getting hit from all sides as the economy fails to get stimulated and unemployment rises. One of the major issues with the spending is that the contracting rules are so complicated that it takes...
Government Industry Archive
July 2009
Apple and Lockheed Martin both reported their latest quarter results this week. Lockheed out earned the computer and consumer electronics company by $3 billion having revenue of $11.2 billion. Apple though made a profit of $1.23 billion compared to Lockheed’s $774 million. Lockheed saw their quarterly profit fall by the largest percentage in five years while Apple had one of its best...
The Obama Administration and the Democratic Congress have set themselves a goal of reforming the U.S. medical system. There are various bills under development in both the House and Senate. The key arguments revolve around how many people will be covered and at what cost. The other issue related to cost is how will the money be generated to cover any increased spending by the government on...
The Senate voted on Tuesday to remove the funding for seven more F-22 fighters from the 2010 defense budget. This was in line with what the Obama Administration wanted. The F-22 had been added back in the bill by Committee during mark up. The House version contains funding to continue some production so there will be a decision made during conference as to whether any money will remain for...
The Federal Government buys a great deal of different things. It didn’t start off that way two hundred odd years ago but the number of Federal programs and responsibilities have increased exponentially. Congress and the Executive Branch have stuck their noses into lots of things often for good reason. This has led the government to purchase cabbages and kings and lots of other things....
President Obama has let Congress do the heavy work on the three major issues that he has advocated since his election. On the “Stimulus”, health reform and “cap and trade” he is having the legislative branch write the law with some input. It is only on defense spending that and foriegn policy that he has actually shown differences with the Democratic controlled House...
One of the those oft quoted, untraceable canards about government funding is be careful what you wish for. If you take money from the Federal Government, or states and localities, often there will be catches that come with them. The perils of the U.S. auto industry illustrates that point clearly. GM and Chrysler accepted funds from Obama and Congress to first stave off bankruptcy, and then...
The Department of Defense in the United States is responsible for providing health care to its active duty forces, their dependents and retirees. They operate in conjunction with the Veterans Administration to care for a large swath of the U.S. population. In the old days there were limited numbers of retirees and dependents as the average draftee was young, not married and tended to serve...
A while ago we wrote about how the U.S. Army National Guard (ARNG) continued to let recruiting and advertising contracts even though it was reaching a point of one hundred percent manning and may have to begin separating members. The downturn in the economy along with the continued operations in Iraq and Afghanistan which had led to increased investment in incentives had led to the uptick in...
Update — Even Democrats in Congress are now criticizing the pace of stimulus spending and its effect on the unemployment rate. One major issue is that the states with the highest unemployment, like Michigan, are not receiving large amounts of funds to helpfully try and get more jobs. There is now discussion of possibly rewriting the legislation to make it more equitable and spend money...
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BNET Government provides daily industry trends and global news coverage with insights for managers and executives within the world wide business of government contracting. We analyze new and interesting contract awards, government policy changes, and the trends in procurements and spending. There will also be discussions of the sector with a focus on small and innovative companies and business lines. The world's governments spend billions each year on a variety of hardware and services and the site will discuss how the money is being allocated.