How much did the military spend yesterday? $1.8 billion

Recently we made a change: we're starting to follow seven corporations that show up on these defense contract lists consistently. And yesterday, just one day out of the year, BAE pulled in another $202 million, Boeing snagged $560 million, and Raytheon showed up for its $349 million. (Starting in September, we'll track monthly totals, as well.)

Yesterday's breakdown:

BAE: $202,437,733
Boeing: $560,581,477
Booz Allen Hamilton: 0
General Dynamics: 0
Lockheed Martin: 0
Northrop Grumman: 0
Raytheon: $349,014,465

This information is provided to highlight just how much taxpayer money is spent, per day, to enrich companies participating in the military industrial complex. The idea that our economy requires a governmental redistribution of wealth from individual taxpayers to large corporations that are friendly and well-connected to government came from the Keynesian argument for demand “stimulus” -- that our economy's health depends on higher and higher levels of spending. For this reason, personal saving is discouraged and often penalized by the government. But because individuals still tend to follow personal incentives to save, the Keynesian argument remains in effect: that government should spend money the public is reluctant to spend through tax-and-spend policies.

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Below are the contracts awarded by the Defense Department
August 28, 2019
totaling $1,850,988,288

Recent record daily spending: $17 billion on August 5, 2019

Army - $581,027,320

BAE (Kingsport, TN) $202,437,733
Parsons Government Services (Pasadena, CA) $139,123,690
FLIR Surveillance (Wilsonville, OR) $92,875,276
Korte Construction (St. Louis, MO) $63,921,812
Diversified Technical Systems (Seal Beach, CA) $38,441,877
Boeing (Mesa, AZ) $33,581,477
Valiant Global Defense Services (San Diego, CA) $10,645,455

Air Force - $547,959,610

Boeing (St. Louis, MO) $500,000,000
Rolls-Royce (Indianapolis, IN) $47,959,610

Navy - $428,647,653

Raytheon (Tucson, AZ) $349,014,465
Reyes Construction (Pomona, CA) $21,899,000
Harper Construction (San Diego, CA) $17,737,397
Teradyne (Reading, MA) $14,456,731
Advanced Technology International (Summerville, SC) $8,777,905
PAE National Security Solutions (Fredericksburg, VA) $8,328,452
Wyle Laboratories (Huntsville, AL) $8,433,703

Defense Logistics Agency - $293,353,705

Noble Supply & Logistics (Rockland, MA) $90,000,000
SupplyCore (Rockford, IL) $77,500,000
A-dec Inc. (Newberg, OR) $49,500,000
Latina Boulevard Produce (Cheektowaga, NY) $49,353,705
Boeing (St. Louis, MO) $27,000,000