Because ~55% of military spending goes to contractors, arms companies will likely get more money from Biden’s Pentagon budget than the public got through his $1,400 stimulus checks: https://t.co/Tbh8X4gOIn pic.twitter.com/u7u8kLh6LL
— Stephen Semler (@stephensemler) December 30, 2021
Common Dreams: Pentagon Projected to Hand $407 Billion to Private Military Contractors This Fiscal Year
"There are over 700 lobbyists representing for-profit military contractors in D.C., and this redistribution of wealth is why they're there."
President Joe Biden signed a record-shattering military budget earlier this week, and a new analysis published Thursday predicted that if recent contracting trends continue, the Pentagon will funnel $407 billion worth of public funds to private weapons makers this fiscal year—more than the federal government spent when sending $1,400 relief checks to most Americans in 2021.
Stephen Semler, co-founder of the Security Policy Reform Institute, found that "from fiscal year (FY) 2002 to FY2021, 55% of all Pentagon spending went to private sector military contractors."
"If the privatization of funds rate over the last 20 years holds," Semler noted, "it means [the] military industry will get about $407 billion from Biden's first military budget—$16 billion more than the $391 billion those $1,400 stimulus checks cost the government earlier this year."
Read more ....
WNU Editor: Contractors were the big winners in the Afghan war .... Who Won in Afghanistan? Private Contractors (The Portal/WSJ).
1 comment:
Common Dreams are leftwing commie pinkos.
Take United Airlines. What percentage of their budget is spent on contractors? What percentage does UA spend on salaries.
We should get a baseline and compare it to other countries like Russia, China, Britain, France and Germany. Maybe we should compare it to Australia soon,. They will have nuclear subs. But we should never compare it to that boutique nation of Canada with its fop of a prime minister, who likes to dress up in black face.
We can compare it to large companies that have capital equipment like ships or planes (again UA).
It is useful and meet to scrutinize the budget and operations to see if be can do better.
Common Dreams is just a broken record of how bad the US is and how they want to live in peace and harmony yada yada yada. It is not Real Politik.
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