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reckedracing · 05-12-2005, 10:34 AM

Quote:

WASHINGTON -- The US Army said yesterday that it had awarded $72 million in bonuses to Halliburton Co. for logistics work in Iraq but had not decided whether to give the Texas company bonuses for disputed dining services to troops.

http://www.boston.com/news/nation/articles...rton_72m_bonus/

opinions?
72 million?
schools?
health care?
failing SS?
poor border and port controls?

but they just NEED a bonus right?!?!?!

pissedoffsol · 05-12-2005, 10:39 AM

Quote:

Senator Frank Lautenberg, a New Jersey Democrat who is a vocal critic of Halliburton's performance in Iraq, said Halliburton did not deserve a bonus.

''It is outrageous that the Bush Administration would give Halliburton a bonus after we have seen its overcharges, sloppy accounting, and kick-back schemes in Iraq," Lautenberg said. ''Giving Halliburton a bonus is like giving your worst employee a raise."

Quote:

Halliburton, which was run by Vice President Dick Cheney until he joined the 2000 race for the White House, has earned more than $7 billion under its 2001 logistics contract with the US military.

nuff said.

if you still don't think he has a hand in that profit, you're only fooling yourself.

congratulations, we just paid to give him self a bonus.

Bob Vila · 05-12-2005, 10:53 AM

He left the company in 2000...how is he getting any more bonues? He is not part of the Board of Directors and is not listed as an active employee. The only way he could profit from Haliburton is if he owns stocks (which I am assuming he does).

reckedracing · 05-12-2005, 11:41 AM

he is still getting paid deferred compensation by the firm from when he worked there... or course he has a SEVERE financial interest in them remaining in business...

as well as helping out all his old buddies who are still there...

this is a highly unethical conflict of interest...

this administration makes me fucking sick...

and how can the american people not see this? or not do anything about it...
i;m fucking pissed...

hybrid89 · 05-12-2005, 11:50 AM

I am at a loss for words at how this country is financed/run!

pissedoffsol · 05-12-2005, 12:08 PM

the real question is, what CAN we do?

i tried to vote for kerry, but "god" won.

Seany-izzle · 05-12-2005, 12:13 PM

yeah thre is nothing that we can do, think about it. we all tried when we voted for Kerry lol.

reckedracing · 05-12-2005, 12:17 PM

time for a rev-olu-tion...

Bob Vila · 05-12-2005, 01:07 PM

Quote:

Originally posted by reckedracing@May 12 2005, 10:41 AM
he is still getting paid deferred compensation by the firm from when he worked there... or course he has a SEVERE financial interest in them remaining in business...

as well as helping out all his old buddies who are still there...

this is a highly unethical conflict of interest...

this administration makes me fucking sick...

and how can the american people not see this? or not do anything about it...
i;m fucking pissed...

Quoted post

Source?

DarkHand · 05-12-2005, 01:13 PM

Quote:

Originally posted by reckedracing@May 12 2005, 10:17 AM
time for a rev-olu-tion...

Quoted post

Only problem is that today's youth are so apathetic (and by no accident) that it would be incredibly hard to muster up the millions of people that would be needed.

American people are the frog in the pot, and the current government will make absolutely sure that they heat up the water slow enough that we never notice we're being boiled.

reckedracing · 05-12-2005, 01:17 PM

Quote:

Bush - Cheney Release 2003 Tax Return Summaries
From Robert Longley,
Your Guide to U.S. Gov Info / Resources.
FREE GIFT with Newsletter! Act Now!

First Family paid $227,490 during 2003*
Dateline: 04/15/04
The White House has released the following summaries of the 2003 tax returns filed by President and Mrs. Bush and Vice President and Mrs. Cheney:

PRESIDENT AND MRS. BUSH RELEASE 2003 TAX RETURN

President and Mrs. George W. Bush reported taxable income of $727,083 for the tax year 2003. This resulted in a total of $227,490 in federal income taxes paid by President and Mrs. Bush.

The President's 2003 income included salary earned as President and investment income from the trusts in which their assets are held.

President and Mrs. Bush contributed $68,360 to churches and charitable organizations, including Evergreen Chapel at Camp David, Tarrytown United Methodist Church, St. John's Church, the M.D. Anderson Clinic, and the Federal Government's Combined Federal Campaign.

VICE PRESIDENT DICK CHENEY AND MRS. CHENEY RELEASE 2003 TAX RETURN

Williams & Connolly LLP
at (202) 434-5000

The income tax return shows that the Cheneys owe federal taxes for 2003 of $253,067 on taxable income of $813,226. During the course of 2003 the Cheneys paid $258,779 in taxes through withholding and estimated tax payments. The Cheneys elected to apply the resulting $5,712 tax overpayment to their 2004 estimated tax payments.

The wage and salary income reported on the tax return includes the Vice President's $198,600 government salary. In addition, the tax return reports the payment of deferred compensation from Halliburton Company, in the amount of $178,437. In December 1998, the Vice President elected to defer compensation earned in calendar year 1999 for his services as chief executive officer of Halliburton. This amount is to be paid in fixed annual installments (with interest) in the five years after the Vice President's retirement from Halliburton. That election to defer income became final and unalterable before Mr. Cheney left Halliburton. The amount of deferred compensation received by the Vice President is fixed and is not affected by Halliburton's current economic performance or earnings in any way. In addition, the Vice President purchased, with his personal funds, an insurance policy that guarantees that he will receive the amount that is owed to him even if Halliburton is unable to make the deferred compensation payments.

The tax return also reports Mrs. Cheney's wage and salary income from her continuing work at the American Enterprise Institute and compensation from Reader's Digest, on whose board of directors she served in 2003. The Cheneys donated $321,141 to charity in 2003, primarily from donations of Mrs. Cheney's royalties from Simon & Schuster on her books America: A Patriotic Primer and A is for Abigail, as well as her forthcoming book titled Fifty States.

http://usgovinfo.about.com/cs/uspres...restax2003.htm

cheney 2003 return
http://www.taxhistory.org/thp/presreturns....le/cheney03.pdf

totalburnout · 05-12-2005, 01:17 PM

Quote:

Originally posted by Oscar Mayer@May 12 2005, 12:07 PM

Source?

Of course he's not going to be able to provide one, its all speculation.

Perhaps they went with the company because Cheney ran it and they felt secure knowing that the man who was elected VP knows personally, because he actually oversaw the company, how the company operates.

Whats more intimate then having your business partner be one that you knew and trust personally?

reckedracing · 05-12-2005, 01:18 PM

Quote:

Of course he's not going to be able to provide one, its all speculation.

eat a dick

Quote:

Perhaps they went with the company because Cheney ran it and they felt secure knowing that the man who was elected VP knows personally, because he actually oversaw the company, how the company operates.

Whats more intimate then having your business partner be one that you knew and trust personally?

is it that you have no fucking concept of ethics? or do you NOT FUCKING UNDERSTAND WHAT A NO FUCKING BID CONTRACT IS?!?!?!

no matter if he knew the company or not(even more reason to try and remain impartial) this huge gov't contract should have been put out for bids, and it remains quite obvious that halliburton is fucking the taxpayers...
you wanna see the audit reports for my source?

totalburnout · 05-12-2005, 01:20 PM

Buddy, next time don't stop reading only where you see fit.

Quote:

In December 1998, the Vice President elected to defer compensation earned in calendar year 1999 for his services as chief executive officer of Halliburton. This amount is to be paid in fixed annual installments (with interest) in the five years after the Vice President's retirement from Halliburton. That election to defer income became final and unalterable before Mr. Cheney left Halliburton. The amount of deferred compensation received by the Vice President is fixed and is not affected by Halliburton's current economic performance or earnings in any way. In addition, the Vice President purchased, with his personal funds, an insurance policy that guarantees that he will receive the amount that is owed to him even if Halliburton is unable to make the deferred compensation payments.

He took an insurance policy out that guarantees he will receive, the fixed amount that was determined well before he went into office. Basically he just insured himself that he would have a constant income over future years without being taxed in a lump sum on the amount of money he earned.

His insurance policy completely negates the idea that you put forth that he has a personal investment in whether or not the company survives, because right now he doesn't.

pissedoffsol · 05-12-2005, 01:23 PM

5 years after...

he left in 2000

its 2005

suddenly, they get 72 million.

and WE'RE blind?

totalburnout · 05-12-2005, 01:24 PM

Quote:

Originally posted by reckedracing@May 12 2005, 12:18 PM

is it that you have no fucking concept of ethics? or do you NOT FUCKING UNDERSTAND WHAT A NO FUCKING BID CONTRACT IS?!?!?!

no matter if he knew the company or not(even more reason to try and remain impartial) this huge gov't contract should have been put out for bids, and it remains quite obvious that halliburton is fucking the taxpayers...
you wanna see the audit reports for my source?

Quoted post

Ha, don't ask if you have your hand in any knowledge about running a country. Don't talk about ethics when you constantly speculate without having any actual proof about what you say. You're not in Dick Cheney's head so you have no idea whats running through it, for you to speculate and then act as if your word is the gospel is bullshit.

Who says they didn't remain impartial? The government gives bonuses constantly, this isn't unusual. They give bonuses to workers for completing a federal highway early, who's to say that they can't give the company that Cheney used to work for a bonus. Are they not entitled to do so because people like yourself will speculate, "its only because he used to work for the company" when the process is actually commonplace? Hmmmm....

totalburnout · 05-12-2005, 01:26 PM

Quote:

Originally posted by pissedoffsol@May 12 2005, 12:23 PM
5 years after...

he left in 2000

its 2005

suddenly, they get 72 million.

and WE'RE blind?

Quoted post

Does

He

Work

For

The

Company?

Is

his

income

fixed

or

not?

Did

you

not

just

read

the

tax

receipts?

Are you simply speculating? ...yes.
Its unethical and corruption when you see a penny of that money going to Cheney, until then quit speculating because it hasn't happened.

reckedracing · 05-12-2005, 01:28 PM

Quote:

Ha, don't ask if you have your hand in any knowledge about running a country. Don't talk about ethics when you constantly speculate without having any actual proof about what you say. You're not in Dick Cheney's head so you have no idea whats running through it, for you to speculate and then act as if your word is the gospel is bullshit.

Who says they didn't remain impartial? The government gives bonuses constantly, this isn't unusual. They give bonuses to workers for completing a federal highway early, who's to say that they can't give the company that Cheney used to work for a bonus. Are they not entitled to do so because people like yourself will speculate, "its only because he used to work for the company" when the process is actually commonplace? Hmmmm....

it does not take a genius to realize that the no bid contract had something to do with favoratism... at the very least it should have been sent out to bid... no bid = bad ethics...

and i don;t give a flying fucking rats ass who the gov't gives bonuses to, the US is in a recession, halliburton was CAUGHT overcharging the taxpayers, the gov't is suspossed to be BY THE FUCKING PEOPLE FOR THE FUCKING PEOPLE, do you think taxpayers struggling to get food on the table would have approved a FUCKING 72 MILLION DOLLAR bonus to the same company that was caught stealing form us??? do you ever think?

pissedoffsol · 05-12-2005, 01:29 PM

but it HAS happened. you quoted it.

He got a deffered payment. meaning 5 years from 2000 is 2005. and now he/bush give his old company a big bonus... and thus, he gets paid even more.

It's the same reason we went to iraq--- money.
do you honestly think we give a shit about the iraqui people? no. we care about their oil.
if iraq was antartica, i guarnatee we would not be there throwing snowballs at the skinnies.

totalburnout · 05-12-2005, 01:36 PM

Quote:

Originally posted by pissedoffsol@May 12 2005, 12:29 PM
but it HAS happened. you quoted it.

He got a deffered payment. meaning 5 years from 2000 is 2005. and now he/bush give his old company a big bonus... and thus, he gets paid even more.

No Brian, read again. I even bolded it for you both. Its fixed. His income is fixed. As I pointed out after recked stopped reading when he saw all that he wanted, he is still receiving money from the company but its been fixed since 1999...meaning its not going to chance. He has an insurance policy that guarantees him that money, meaning it won't hurt him one bit finnacially if the company goes to ruins. He's getting the same coin now with the 72 million dollar bonus as he did before it.

As for going to war simply for money, do you think I'm going to deny this? Are you that ignorant to believe that every war wasn't based on economic gain? Why else would we fight over land? We're materialistic beings and always have been. Long before this country was founded people waged war for land which equated to money.

You're silly if you don't believe that this war is any different from any other. We didn't care that the Nazis were killing 6 million jews until we got attacked, until we incurred economic losses and until they threatened our economic ties to allies.

I will say this however, I certainly don't believe that even though we're there for money we're not also there on ethic grounds.

DarkHand · 05-12-2005, 01:38 PM

Quote:

Originally posted by New2TheCarScene@May 12 2005, 11:24 AM
Who says they didn't remain impartial?
Quoted post

We do, because it's our duty as Americans to question the government at every turn.

pissedoffsol · 05-12-2005, 01:38 PM

fixed income doesn't mean anything for bonuses though. a bonus is a 1-time thing and can be any percent of a salary.

reckedracing · 05-12-2005, 01:38 PM

all ignorant people please read:

source is CBS news, based on a report by the congressional research service

http://www.cbsnews.com/stories/2003/09/26/...ain575356.shtml

Quote:

(CBS/AP) A report by the Congressional Research Service undermines Vice President Dick Cheney's denial of a continuing relationship with Halliburton Co., the energy company he once led, Sen. Frank Lautenberg said Thursday.

The report says a public official's unexercised stock options and deferred salary fall within the definition of "retained ties" to his former company.

Cheney said Sunday on NBC that since becoming vice president, "I've severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years."

Democrats pointed out that Cheney receives deferred compensation from Halliburton under an arrangement he made in 1998, and also retains stock options. He has pledged to give after-tax proceeds of the stock options to charity.

Cheney's aides defended the assertion on NBC, saying the financial arrangements do not constitute a tie to the company's business performance. They pointed out that Cheney took out a $15,000 insurance policy so he would collect the deferred payments over five years whether or not Halliburton remains in business.

Lautenberg, D-N.J., asked the Congressional Research Service to weigh in.
Without naming Cheney or Halliburton, the service reported that unexercised stock options and deferred salary "are among those benefits described by the Office of Government Ethics as 'retained ties' or 'linkages' to one's former employer."
Lautenberg said the report makes clear that Cheney does still have financial ties to Halliburton. "I ask the vice president to stop dodging the issue with legalese," Lautenberg said.

Cathie Martin, Cheney's spokeswoman, said the question is whether Cheney has any possible conflict of interest with Halliburton, "and the answer to that is, no."

Cheney was chief executive officer of Halliburton from 1995 through August 2000. The company's KBR subsidiary is the main government contractor working to restore Iraq's oil industry in an open-ended contract that was awarded without competitive bidding.

According to Cheney's 2001 financial disclosure report, the vice president's Halliburton benefits include three batches of stock options comprising 433,333 shares. He also has a 401(k) retirement account valued at between $1,001 and $15,000 dollars.

His deferred compensation account was valued at between $500,000 and $1 million, and generated income of $50,000 to $100,000.

In 2002, Cheney's total assets were valued at between $19.1 million and $86.4 million.

Earlier this month, a federal judge dismissed a lawsuit that accused Halliburton and Cheney of misleading investors by changing the way the company counted revenue from construction projects.

The lawsuit was filed last year by Judicial Watch, a conservative public interest group, on behalf of three small investors, who said the company tried to polish financial results by booking revenue on cost overruns before it was certain of getting paid.

Halliburton has contracts worth more than $1.7 billion for its work in Iraq, and it could make hundreds of millions more from a no-bid contract it was awarded by the Army Corps of Engineers, The Washington Post has reported.

According to The Post, while Cheney was defense secretary the Pentagon chose Halliburton subsidiary Brown & Root to study the cost effectiveness of outsourcing some military operations to private contractors. Based on the results of the study, the Pentagon hired Brown & Root to implement an outsourcing plan. Cheney became Halliburton CEO in 1995.

pissedoffsol · 05-12-2005, 01:41 PM

Quote:

Originally posted by New2TheCarScene@May 12 2005, 01:36 PM
You're silly if you don't believe that this war is any different from any other. We didn't care that the Nazis were killing 6 million jews until we got attacked, until we incurred economic losses and until they threatened our economic ties to allies.

I will say this however, I certainly don't believe that even though we're there for money we're not also there on ethic grounds.

Quoted post

That's just not the case. We didn't even KNOW about the concentrations camps and such until well after the US entered WWII.

That said, i will agree on the monetary ties for both cases--- but in the case of WWII, it was for the well being of EVERYONE- the entire economy. not the president, vice president, and their friends.

reckedracing · 05-12-2005, 01:41 PM

Quote:

As for going to war simply for money, do you think I'm going to deny this? Are you that ignorant to believe that every war wasn't based on economic gain? Why else would we fight over land? We're materialistic beings and always have been. Long before this country was founded people waged war for land which equated to money.

but a gov't by the people for the people should not base war on money...

this money is not going TO THE PEOPLE, its going to big corporations...
not your average joe citizen, the same joe citizen thats risking his life in this god forsaken war...

05-12-2005, 10:53 AM	#3
Bob Vila aliv dod Join Date: Jul 2003 Location: Bristol, Ct. Age: 28 Posts: 4,353 iTrader: 0 / 0% Ride: A carriage Rep Power: 99	He left the company in 2000...how is he getting any more bonues? He is not part of the Board of Directors and is not listed as an active employee. The only way he could profit from Haliburton is if he owns stocks (which I am assuming he does). __________________ kthx ©2003-2099 SiSteve Productions The person below me is gay.

05-12-2005, 11:41 AM	#4
reckedracing TTIWWOP Join Date: Dec 2002 Location: 845 Area, NY Age: 29 Posts: 15,381 iTrader: 0 / 0% Ride: 90 z6-t hatch, 94 Bagged S10, 91 Lifted Mazda Rep Power: 411	he is still getting paid deferred compensation by the firm from when he worked there... or course he has a SEVERE financial interest in them remaining in business... as well as helping out all his old buddies who are still there... this is a highly unethical conflict of interest... this administration makes me fucking sick... and how can the american people not see this? or not do anything about it... i;m fucking pissed... __________________ I'll blow a hole in your face then go inside and sleep like a baby.

05-12-2005, 11:50 AM	#5
hybrid89 thistownsucks... Join Date: Jan 2003 Location: SoCal Age: 32 Posts: 1,821 iTrader: 0 / 0% Rep Power: 33	I am at a loss for words at how this country is financed/run! __________________ id rather have a hondata and a stock block then a sleeved, pistons/rods combo and a hack or fmu

05-12-2005, 12:13 PM	#7
Seany-izzle Senior Member Join Date: Aug 2003 Location: In a fucking house. Age: 25 Posts: 7,751 iTrader: 0 / 0% Rep Power: 96	yeah thre is nothing that we can do, think about it. we all tried when we voted for Kerry lol. __________________ My name is Sean.

05-12-2005, 12:17 PM	#8
reckedracing TTIWWOP Join Date: Dec 2002 Location: 845 Area, NY Age: 29 Posts: 15,381 iTrader: 0 / 0% Ride: 90 z6-t hatch, 94 Bagged S10, 91 Lifted Mazda Rep Power: 411	time for a rev-olu-tion... __________________ I'll blow a hole in your face then go inside and sleep like a baby.


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05-12-2005, 12:08 PM	#6
pissedoffsol RETIRED Join Date: Sep 2002 Location: Retirement Home Age: 29 Posts: 49,951 iTrader: 2 / 100% Ride: Electric Scooter Blog Entries: 1 Rep Power: 531	the real question is, what CAN we do? i tried to vote for kerry, but "god" won.

05-12-2005, 01:23 PM	#15
pissedoffsol RETIRED Join Date: Sep 2002 Location: Retirement Home Age: 29 Posts: 49,951 iTrader: 2 / 100% Ride: Electric Scooter Blog Entries: 1 Rep Power: 531	5 years after... he left in 2000 its 2005 suddenly, they get 72 million. and WE'RE blind?

05-12-2005, 01:29 PM	#19
pissedoffsol RETIRED Join Date: Sep 2002 Location: Retirement Home Age: 29 Posts: 49,951 iTrader: 2 / 100% Ride: Electric Scooter Blog Entries: 1 Rep Power: 531	but it HAS happened. you quoted it. He got a deffered payment. meaning 5 years from 2000 is 2005. and now he/bush give his old company a big bonus... and thus, he gets paid even more. It's the same reason we went to iraq--- money. do you honestly think we give a shit about the iraqui people? no. we care about their oil. if iraq was antartica, i guarnatee we would not be there throwing snowballs at the skinnies.

05-12-2005, 01:38 PM	#22
pissedoffsol RETIRED Join Date: Sep 2002 Location: Retirement Home Age: 29 Posts: 49,951 iTrader: 2 / 100% Ride: Electric Scooter Blog Entries: 1 Rep Power: 531	fixed income doesn't mean anything for bonuses though. a bonus is a 1-time thing and can be any percent of a salary.

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Taxpayers pay for 72 million bonus