'When government officials cash in on their public service by lobbying, advising, or serving as board members and executives for the companies they used to regulate, it undermines public officials' integrity,' says a new report from SenWarren.
"The abuse of the revolving door between government service and the private sector can corrupt government decision-making," says the report."When government officials cash in on their public service by lobbying, advising, or serving as board members and executives for the companies they used to regulate, it undermines public officials' integrity and casts doubt on the fairness of government contracting. This problem is incredibly concerning and pronounced in the U.S.
"The sheer size of America's military budget provides ample and lucrative opportunities for former government officials," the report notes."Last year Congress gave the DOD over $851 billion in total funding. The DOD is also the largest federal contracting agency: Of the total $692.3 billion in contracts awarded by the federal government in FY 2021, 61% were awarded by DOD amounting to $386.9 billion.
It goes without saying that injecting more competition into the contracting process would not necessarily address the more fundamental problem ofThe largest war profiteers, however, often hire the most revolving-door lobbyists and put the most ex-government officials on their boards, the analysis points out, increasing their chances of appropriating more public money.
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