By Robert Greenwald and John Amick

Recent commentators have rightly called out Mitt Romney and Paul Ryan's obvious hypocrisy on cuts to Pentagon spending. This strikes us as a good time to step back and take a broader look at Pentagon spending, and deconstruct the spin coming from the Washington elites.

This week, the three military contractors that do the most business with the Pentagon announced their quarterly profits for 2012. Their profits continue to grow while they push Washington, D.C. to protect their budgets at the expense of the rest of us.