issue as well because these companies like intel and coca-cola and procter & gamble they have massive defense department contracts if they want to send billions over the beijing. i said enough is enough, time for choosing, where is our corporate patriotism? laura: one more thing, china has officially warned our athletes that political statements during the games are subject to punishment. look what they did to their own olympian and tennis star who leveled a credible sexual assault allegation on a chinese official and she disappeared. who was complicit in her course to statement and retraction? the ioc. enough is enough. laura: we love our athletes but it s despicable that we are in participating in this propaganda for president xi.
started with those defense department contracts, who the initiation was in fact government spending, but now they re international. now they re global, and so they re simply more able to move beyond the boundaries of what s happening in any particular region. let s talk about global corporate taxes. appeleapple. what s the sequester discussion about? a lot is tied to deficit. so folks say i want to cut all of these programs for the poor. last time i was here for the senior scitizens. we don t want to pay taxes, corporate taxes on profits overseas. we want to keep our taxes though. at the same time they get taxed on funds outside the u.s., they could pay for these programs. we wouldn t have to be doing all this cutting. the other thing is that we re now finding out the interconnectedness of the economy. cut food stamps, cut kraft. who benefits from food stamps? people who sell stuff like macaroni and cheese.
last year washingtonian magazine estimated his personal wealth somewhere between $2 million and $5 million. yet another election and yet another revolving door. with bush gone and the democrats in charge that revolving door revolved again for mr. lynn who s now right back at the pentagon. the pentagon also pointed out to us that the value of defense department contracts with the company haven t changed. nonetheless, raytheon s sales, which include overseas contracts that must be approved at the pentagon, are up 7% since its former lobbyist moved back to government service. drew griffin. reporter: leslie paige with citizens against government waste say lynn s hiring by the obama administration is an example of the same old broken government. this is exactly what they, what he said was not going to happen.
administration, that revolving door brought him right here to this building, home of one of the biggest defense contractors where he became their big lobbyist. raytheon is a $25 billion a year defense contractor. it makes and sells guided missiles, including the patriot and tomahawk. as its top lobbyist, william lynn was paid pretty well. by last year, washingtonian magazine estimated his personal wealth at somewhere between 2 and $5 million. but yet another election and yet another revolving door. with bush gone and the democrats in charge, that revolving door revolved again for mr. lynn, who is now right back at the pentagon. the pentagon also pointed out to us that the value of defense department contracts with the company haven t changed. nonetheless, raytheon s sales,