How much did the military spend yesterday? $7.3 billion

avatar

We've had a couple snowstorms and distractions here so I've fallen a few days behind. However, October to-date totals reflect the m issed days and are current. Yesterday's big winner (and the only winner on our watchlist) was Lockheed Martin with two modifications, which are increases to previous and, in this case, “fixed-price” contracts that total over $7 billion.

Yesterday's breakdown:

BAE: --
Boeing: --
Booz Allen Hamilton: --
General Dynamics: --
Lockheed Martin: $7,071,082,882 (2 modifications)
Northrop Grumman: --
Raytheon: --

October to-date totals:

BAE: $82,590,985
Boeing: $217,910,470
Booz Allen Hamilton: $0
General Dynamics: $466,452,932
Lockheed Martin: $7,587,830,936
Northrop Grumman: $235,368,968
Raytheon: $158,302,752



Below are the contracts awarded by the Defense Department
October 28, 2019
totaling $7,325,668,878

Recent record daily spending: $6.7 billion on October 18, 2019


Navy - $7,197,594,731


Lockheed Martin Aeronautics (Ft. Worth, TX) $7,027,643,109
IAP Worldwide Services (Cape Canaveral, FL) $84,573,278
Lockheed Martin Rotary Mission Systems (Owego, NY) $43,439,773
Whiting-Turner Contracting (Greenbelt, MD) $30,464,008
Jopana Technologies (Oxnard, CA) $11,474,563

Air Force - $120,000,000


Superior Forge & Steel (Lima, OH), Ellwood National Forge (Irvine, PA) $90,000,000
Industries of the Blind and Visually Impaired (Milwaukee, WI) $30,000,000

Army - $8,074,147


Vigor Marine (Portland, OR) $8,074,147

div8.jpg

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. Its spending primarily enriches the military industrial complex, including the big seven: BAE, Boeing, Booz Allen Hamilton, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.

div8.jpg



0
0
0.000
1 comments
avatar

Hi @geke!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.984 which ranks you at #1172 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 91 contributions, your post is ranked at #39.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers like your work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

0
0
0.000