Media for Justice and Peace

Donate

Sanders Announces Budget Committee Hearing on Corporate Greed and Profiteering

The hearing comes as high prices are squeezing working-class Americans, while corporate profits rise. As inflation rose by 7 percent in 2021, corporate profits increased by 25 percent to reach nearly $3 trillion – a record high. CEOs and shareholders are benefiting heavily from these profits; last year, S&P 500 firms spent more than $900 billion.

Increasing Pentagon Spending When People Are Going Hungry Is Madness, by John Nichols

"Upending the process by which ever increasing cash flows are directed into the military-industrial complex may not be popular with McConnell and the defense contractors he represents. But it most definitely is popular in a country where the overwhelming majority of Democratic voters and more than half of Republicans voters are ready to take money out of the Pentagon budget and move it into the fight against the coronavirus pandemic and the economic pain that extends from it.

Go to Top