How much did the military spend yesterday? $1.1 billion
Yesterday's big winner was Siemens with an $828 million task order under a previously awarded contract for the construction, operations, and maintenance at Guantanamo Bay, Cuba, including air conditioning upgrades, lighting upgrades, refrigeration upgrades, and renewable energy photovoltaic. This work is expected to continue through 2043.
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.
Below are the contracts awarded by the Defense Department
July 25, 2019
totaling $1,194,450,736
Recent record daily spending: $10 billion on May 8, 2019
Navy - $903,936,998
Siemens Government Technologies (Arlington, VA) $828,828,020
Baldi Brothers (Beaumont, CA) $30,108,978
United Technologies Pratt & Whitney Engines (E. Hartford, CT) $25,000,000
Sygnos (San Diego, CA) $20,000,000
Army - $223,258,996
Textron / AAI (Hunt Valley, MD), Arcturus UAV (Rohnert Park, CA), Martin UAV (Plano, TX), L3 Technologies (Ashburn, VA) $99,500,000
Solis Applied Science (Falls Church, VA) $77,383,996
HCS Group (Montgomery, AL), HDR Engineering Inc. of the Carolinas (Charlotte, NC), ILSI / Arcadis Small Business JV (New Orleans, LA), Baskerville & Donovan (Mobile, AL), Thompson Engineering / Mott MacDonald JV (Mobile, AL) $30,000,000
Ati / Cti JV (Columbia, MD) $9,000,000
Messer Construction (Cincinnati, OH) $7,375,000
Defense Logistics Agency - $39,858,681
City Public Services of San Antonio d/b/a CPS Energy (San Antonio, TX) $39,858,681
Missile Defense Agency - $18,984,061
Aerojet Rocketdyne (Huntsville, AL) $18,984,061
Air Force - $8,412,000
Cummins Power Generation (Minneapolis, MN) $8,412,000
0
0
0.000
Hi @geke!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.997 which ranks you at #1164 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 136 contributions, your post is ranked at #105.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
w.r.t. your argument :
<<the Keynesian argument for demand “stimulus” -- that our economy's health depends on higher and higher levels of spending.<< my remark :
Keynes copied some of the ideas of Silvio Gesell, who understood the dual nature of money
1 exchange for goods and work
2 a means to store value for many years
these two properties of money lead to problems in economics/reality .
Property 1 is explained by a comparison to a heating system, water (=money) is pumped in a circle and the heating does its job.
If there is a big leakage of water (=money) the heating stops to work. If someone wants to keep some water (=money) for himself, the rest of society may suffer (jobless, to less orders).
Silvio Gesell designed a system, that already worked from 1000 till 1350 A.D. .
The suggestion of Keynes was, to not repair the leaky system and refill the water by the state and the taxpayer.
I have not met any engineer,
who would suggest such a b...s... .
Bastiat showed that holding money (saving) did not hurt the economy because money is never doing nothing. Simply taking some out of circulation increases the value of circulating money, and money not used for consumption is often invested, spurring production and easing the economy's burden of consumption. So I don't think either Gesell or Keynes were right about saving money being problematic.
What happened to Wörgl, Unterguggenberger, several hundred austrian villages, who wanted to copy Unterguggenberger s solution to
the problems of the 1930 s? (Not enough money-supply due to mismanagement or ignorance)
Östereichische Nationalbank send the army.